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MONDAY, FEB. 20, 2012, 11:49 A.M.

Bank of America to close branch near Spokane Courthouse

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The Bank of America branch at 804 N. Monroe St. near downtown Spokane will close in May, the company announced.

The plan is to move that branch’s workers to other positions in the area, bank spokeswoman Britney Sheehan said.

The closure results from “ongoing evaluation” of how BofA's local branches serve the community’s banking needs, she added.

The bank will install a stand-alone ATM in the area of Broadway and Monroe, though Sheehan said the location hasn’t been identified yet.

BofA expects to continue reducing the number of branches over the next 10 years as customers adopt a variety of other options for managing accounts and obtaining bank services, Sheehan said.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.