500 Bank of America Workers Expected to Lose Their Job

March 25, 2013 Updated Mar 25, 2013 at 4:43 PM EDT

By WKBW News

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500 Bank of America Workers Expected to Lose Their Job

March 25, 2013 Updated Mar 25, 2013 at 4:43 PM EDT

GETZVILLE, N.Y. (WKBW) - 500 people are expected to lose their jobs when Bank of America closes its Getzville mortgage facility in the CrossPoint Business Park at the end of May.

Bank of America says M&T Bank is taking the lease over and will hire only 600 of the 1,200 total employees at the facility. 100 are expected to stay with the company.

Officials say the bank is shutting down because it no longer has as many people who need help with their mortgages.

This is a developing story and we will have more information on tonight on Eyewitness News at 5 and 6.