BANKING & FINANCE - Aug. 25, 1992

Bank of America to Close More Branches: Bank of America said it will close 35 San Diego County branches, nearly one-third of its 108 local offices, by the first week in November. The branch closings are meant to reduce the “overlapping” of offices that has existed since Bank of America acquired Security Pacific Bank in April, Bank of America spokesman Adrian Rodriguez said. Thirty of the 35 branches to be shuttered are former Security Pacific branches, he said. There will be no immediate layoffs of branch employees as a result of the branch consolidations. Personnel at branches being closed will be transferred to other offices, Rodriguez said.