City of Brockton pulls $170 million payroll account from Bank of America - The Boston Globe

City of Brockton pulls $170 million payroll account from Bank of America - The Boston Globe

Bank of America may have millions of customers, but the government of Brockton, Mass., is no longer one of them.
Brockton is divesting its municipal payroll from Bank of America, moving the $170 million, 3,500-person account to Boston-based Eastern Bank, according to the Boston Globe.
Both the mayor and city treasurer of Brockton say they're making the jump to save on bank charges, and that staying with BofA would cost the city $20,000 to $30,000 a year in fees. That makes Brockton, shall we say, not the first Bank of America customer to express some displeasure over the cost of doing business with the bank.