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The nation’s second-largest coffer has pulled the bung on hundreds of branches and alone tens of bags of jobs over the accomplished two years. Coffer of America (BAC) is not the alone big coffer ascent back, but it’s been amid the best advancing to do so in the United States.

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The retreat is allotment of BofA CEO Brian Moynihan’s efforts to carve costs and capitalize on the about-face to adaptable banking. It’s additionally the bank’s way to advice accomplish up for its gigantic acknowledged costs as it continues to fights a account of lawsuits accompanying to base mortgages above-mentioned to the cyberbanking crisis.

In an era of acutely low absorption rates, association cyberbanking is additionally not that y.

“Back in the day, it fabricated faculty to accessible up coffer branches all over the country. You couldn’t airing bottomward a artery in New York after seeing two or three branches,” said Dick Bove, a cyberbanking analyst at Rafferty Capital.

Banks again were alms chargeless blockage accounts and added incentives to allurement Americans into branches and bead their money.

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But that was aback absorption ante weren’t in the basement. Today, both abbreviate and abiding ante are acutely low. That collapsed crop ambit makes it abundant added difficult for banks to about-face a accumulation on the aberration amid the absorption they pay out on deposits and the bulk becoming on loans.

“Now they don’t appetite the deposits — and they don’t appetite the branches. They’re accepting rid of them,” Bove said.

Related: Absorption ante may not be a aught for abundant best

BofA’s shrinking footprint: Two years ago there were 5,328 U.S. branches at Coffer of America. That has steadily beneath every division aback then, shrinking to 4,789 as of the end of the additional quarter, a 10% drop.

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Beneath branches agency BofA additionally needs beneath employees. The bank’s workforce has beneath by about 16% over the accomplished two years to 257,158 today.

BofA-branded ATM machines are additionally actuality boring broken out. They’ve biconcave by 2% over the aftermost two years to about 16,000.

Related: 8 better job-killing companies

Consumers jump to mobile: BofA has been able to abbreviate its concrete attendance by ramping up mobile. The lender now has added than 17.6 actor barter actively application its adaptable platform, area users can bead checks and accelerate money to others. Barter bead 200,000 checks anniversary day by adaptable and additionally book about 10,000 accessories to accommodated with annex cadre anniversary week.

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The coffer continues to “experience a about-face in customer behavior patterns abroad from branches and appear added self-service,” BofA CFO Bruce Thompson told analysts during a appointment alarm on Wednesday.

Of course, there is a accident that BofA and added banks could alienate less-tech adeptness customers, including aged ones who are adequate activity to a coffer branch.

“Taking the annex abroad from them does piss them off. I do anticipate there is a accident of customers… the Baby Boomers don’t like it,” said Bove.

Related: Robots abuse these 8 jobs

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Added banks are ascent back, too: BofA is hardly the alone coffer closing branches. JPMorgan Chase (JPM) said this anniversary its annex calculation has beneath by 2% over the accomplished year to 5,504. Its headcount has confused by 6,000, allowance save the coffer added than $500 actor during the aboriginal bisected of the year.

Citigroup (C) is beat globally, announcement affairs to leave added than a dozen countries. Earlier this anniversary it agreed to advertise its retail cyberbanking businesses in Panama and Costa Rica, aing added jettisoned markets like Japan and the Czech Republic.

Wells Fargo (WFC) is the abandoned exception. The coffer told CNNMoney its annex calculation has “held consistent” over the aftermost several years at about 6,200 in the U.S. Wells Fargo’s workforce absolutely added by 1,000 to 266,000 as of the end of the additional quarter, while ATMs rose by 300 to 12,800.

Wall Artery loves it: Bove said BofA has been added advancing than its rivals in shutting branches domestically. Don’t apprehend that to change.

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Coffer of America shares are ambulatory 3% on Wednesday, and are up about 13% over the accomplished year.

“Moynihan is accomplishing what he promised. Obviously, investors adulation it,” Bove said.

CNNMoney (New York) Aboriginal appear July 15, 2015: 2:44 PM ET

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