Mergers Won't Hurt BofA Dominance

Published March 06, 2009, 3:02 p.m. EST

Updated August 27, 2020, 12:47 a.m. EDT

1 Min Read

RESTON, Va.-The recent mega-mergers in the banking industry will likely fail to knock off Bank of America from the top of the online banking heap, expert analysis concluded.

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The banking giant will still have the largest amount online customers according to comScore Inc.

"In terms of existing online customer overlap, the Chase/WaMu and Wells Fargo/Wachovia or Citi/Wachovia mergers have surprisingly little," the information provider said.

Bank of America would continue to lead online banks with 24.6 million unique customers and could get a boost from its recent acquisitions of investment powerhouse Merril Lynch and troubled mortgage firm Countrywide Financial.

For info: www.comscore.com

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