March 26, 2013
GETZVILLE, N.Y. (AP) - Bank of America Corp. is shutting down its mortgage processing facility in western New York, with about 500 people expected to lose their jobs as another bank takes on about half of the 1,200 working there now.
The Buffalo News reports that the 130,000-square-foot facility in Getzville will close by May 31, with the bank keeping about 100 employees who will move to other locations. M&T Bank Corp. said Monday it will take over the lease and hire about 600 of the workers to service mortgages on behalf of an unnamed third-party investor.
A Bank of America spokesman said it was closing the operation because the bank has fewer customers with problem loans who need assistance.
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