Bank of America to branches

Bank of America Corp. could eventually shrink its 6,100-branch network by about 10% as consumers use other methods of banking, a company spokesman said Tuesday. Bank of America spokesman James Mahoney made the comments when asked about a published report that bank executives described such a plan to investors. Bank of America became Michigan's largest bank based on deposits when it bought LaSalle Bank in 2007. The bank does not have a specific number of branches as a goal, Mahoney said. HEALTH CARE: Wellness Plan is financially rehabilitated. The Wellness Plan, a Detroit HMO under state control since 2003, has emerged from financial rehabilitation by an Ingham County judge, Michigan's health insurance commissioner said Tuesday. The company now is "positioned for success," said Ken Ross, commissioner of the Office of Financial and Insurance Regulation, in a statement. The HMO is part of an alliance with Wellness Plan Medical Centers, three federally funded clinics in metro Detroit.

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