Why the Bank of Texas should give the U.S. Postal Service more leeway to open up to more companies
Bank of America, the nation’s largest bank, should be able to open branches in other states, including California, Texas, New York, Illinois and Ohio, according to the Institute for Local Self-Reliance.
“If you want to open a branch, you can,” the institute’s David A. Stuckey said.
“But if you want it to be in a different state, you’ve got to give them the latitude.”
The bank is also currently the second-largest lender in the country, behind JPMorgan Chase, according the Federal Reserve Bank of New York.
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