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Do US bank branches share a bank key?

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In reviewing the Bank Key master data I noticed that the address kept switching. It turns out the person entering BP bank information would select the key provided by the BP and then check the bank address information (BNKP file) and if the address didn't match what the BP provided they would update it. It turns out they think that bank branches share a bank key and so the address kept getting switched. My understanding was a US bank key was unique to a branch location and this shouldn't be happening. Please clarify.