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Bank of America, which has visions of becoming the nation's first real "bank of America" with offices coast to coast, wants to create a branch network with suburban Buffalo as one location.
The unfolding plan came to light in late December.
Bank of America FSB, the thrift subsidiary of San Francisco-based BankAmerica Corp., petitioned federal regulators to approve an office in Amherst where BankAmerica Mortgage, a division of Bank of America FSB, opened its first Western New York residential lending center in October.
Two weeks earlier, the Office of Thrift Supervision - the federal body that regulates savings banks and savings and loan associations - approved a block of 279 other applications from Bank of America FSB. The bank has up to a year to open new branches after receiving approval.
Federal law will allow banks to branch across state lines in 1997 subject to restriction by the …