Florida No. 3 for Bank Branch Closings

Following a nationwide trend of bank closings, Florida had a net loss of 18 bank branches in last year's fourth quarter. That's according to new figures from SNL Financial. Only Indiana and Pennsylvania fared worse. Experts attribute the closings to low interest rates and expect the decline to continue. Bank of America had biggest net loss -- 47 branches nationwide. JPMorgan Chase & Co. added the most offices -- 16 -- and is focusing on expanding in Florida and California, the SNL report said.