Brockton will move its $170 million payroll account out of Bank of America, a move the city says makes good business sense but which advocates for residents facing foreclosure see as a just response to the national lender’s role in the subprime mortgage crisis.
City Treasurer Martin Brophy said the 3,500-person payroll account will move to Eastern Bank this summer, after local officials reviewed proposals from five banks, including Bank of America.
Comments
Good move Brockton. And stay away from Rockland Trust too.