Bank of America announces that it plans to reduce the company’s 6,100 branches nationwide by 10%. 
At this point it is not clear how many of the branch cuts will be from Orange County. Bank of America is one of the largest banks in O.C.; it was the top bank in June 2008 with $13.8 billion in deposits in the county.
It is unclear when the bank closings will occur but it appears that a big factor in the closings is a change in customer preferences, as online and mobile banking take transactions away from the traditional bank branches.
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