Bank of America, the second-largest bank in the United States, is continuing its trend of branch closures across the nation. This move reflects the ongoing shift towards digital banking and the bank’s efforts to optimize its operations.
As customers increasingly turn to online and mobile banking solutions, the need for physical branches has diminished, prompting Bank of America to reassess its brick-and-mortar presence.
The Office of the Comptroller of the Currency (OCC), a government agency, monitors and reports on bank branch closures. Banks are required to submit a 90-day advance notice to the OCC prior to closing a branch, meaning that following these news releases keeps you ahead of the curve.
Nearly two dozen Bank of America locations are shutting down for good this month.
Bank of America locations closing
Arizona
9325 North 7th Street, Phoenix
California
6905 Capistrano Avenue, Atascadero
2101 West 6th Street, Los Angeles
Connecticut
100 Federal Road, Brookfield
Florida
3010 Cypress Gardens Road, Winter Haven
Georgia
1674 Monroe Drive, NE, Atlanta
3985 Sugarloaf Parkway, Lawrenceville
Illinois
3210 W IL Route 60, Mundelein
40 N Randall Rd., Lake in the Hills
Maryland
3731 Branch Avenue, Hillcrest Heights
7501 Redland Road, Derwood
Missouri
3100 Main Street, Kansas City
New Mexico
4301 Wyoming Boulevard, NE, Albuquerque
New Jersey
367 Springfield Avenue, Summit
6718 Black Horse Pike, Egg Harbor Township
New York
900 Third Avenue, New York
Ohio
3029 West 117th Street, Cleveland
South Carolina
104 Regency Drive, Columbia
Texas
6401 NW Loop 410, San Antonio
1515 SW Loop 410, San Antonio
Virginia
4101 West Broad Street, Richmond
12881 Braemar Village Plaza, Bristow
Washington
1600 Riddell Road, NE, Bremerton
14440 124th Avenue NE, Kirkland
1201 Madison Street, Seattle
Why bank branches are closingRelated stories
Since 2009, the number of bank branches in the United States has fallen from nearly 100,000 to fewer than 80,000 today.
Read more
This trend, accelerated by the rise of digital banking and the covid-19 pandemic, has led to a significant reshaping of how Americans interact with their financial institutions.
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Publish date : 2024-11-18 14:04:00
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