Better Buy: BofI Holding, Inc. vs. Bank of America

The relationship between people and banks has changed dramatically over the past 20 years. Previous generations had strong personal relationships with bankers at physical branch locations in their areas, and over time, Bank of America (NYSE: BAC)has gobbled up countless smaller institutions to become the national behemoth it is today.

Younger customers have gravitated toward internet banking, and BofI Holding (NASDAQ: BOFI)and its Bank of Internet USA have captured a good deal of the resulting business from those who value better rates above in-person customer service.