Bank of America and People’s United Bank announced last week that between the two of them, they will close five Massachusetts branches.

Industry executives just don’t care.

“Not to say that it’s a non-story, but it’s close,” said David Floreen, senior vice president of the Massachusetts Bankers Association.

“You’ve got three branches of the same bank within a mile and a quarter of each other,” he said of the People’s United branches at Central Street and North Main Street in Andover.

“The customers aren’t going to be impacted per se,” Floreen told Banker & Tradesman. People’s United has other offices within two miles of those being closed.

In addition to the two Andover branches, People’s United, which is based in Bridgeport, Conn., also intends to close a branch at 6 Paradise Road in Salem.

People’s United spokesman Valerie Carlson said the branches are being closed because they are so close to each other.

The bank has 375 branches in Connecticut, Massachusetts, New Hampshire, Maine and New York. It intends to close 15 of them in 2012 to cut down on redundancies like those in Andover.

Floreen said when People’s United acquired, over the last two years, the failed Butler Bank, River Bank and Danversbank, it was left with some branches is “great locations” and others in “not bad” locations. The fact that some were very close to each other made the decision easy for People’s United, Floreen said.

“It’s just a logical business decision,” he said.

The same can be said for Bank of America’s decision to give up two of its almost 300 Massachusetts branches, in Turners Falls and New Bedford, where there are three other BOA branches within four miles. BOA said it plans to close 750 of its 5,700 branches in the next few years in an effort to consolidate and streamline operations.

The two Massachusetts branches will close June 1.

Stan Ragalevsky, a banking attorney with K&L Gates in Boston, said the closure of a branch or two doesn’t usually affect customers, who simply find the next nearest branch or switch banks.

And if a closure has the potential to be controversial because a branch is the only one in a minority neighborhood or in an underserved town, big banks won’t close it.

“They’re sensitive to that,” Ragalevsky said.

Branch closures do offer an opportunity for other banks, though.

“Other banks will take a look around and see if they can do a branch there, and they’ll put more effort into retail banking,” Ragalevsky said.