Bank of America's plan to trim its 5,700 US branches will likely include the sale of more small-market offices, and may also include a review of branches in "lower-income" areas, write SNL Financial LC's Tahir Ali and Nathan Stovall in this report.

The small-market piece is clear: BofA has already sold branches in Maine and Iowa and plans additional sales in orphan markets, as boss Brian Moynihan told the company's recent annual meeting. The low-income piece is not so clear: federal law requires banks to make credit available in both rich and poor neighborhoods, though there's no requirement they lose money on the deals.
Bank of America's longtime rival Wells Fargo & Co. has the largest branch networks in both the US (over 6,000) and the Philadelphia area (around 200).
Locaylly, PNC and Royal Bank of Scotland's Citizens Bank are next with around 180 branches, and TD Bank with 150, though TD branches are bigger, on average, than its rivals'. Ranked by deposits (and discounting national or corporate deposits concentrated in a single office), Wells Fargo is #1 and TD (the former Commerce) #2 in the market. More at www.fdic.gov