Bank of America closing 15 branches in six states this month - full list of locations
Banking is changing and customers are seeing more branch closures than ever before with Bank of America being the latest to shut down sites.
Customers of Bank of America are being warned over the latest round of pending branch closures.
The nation’s second-biggest bank is set to close 15 more sites later this month as it moves operations online.
Bank of America has over an estimated $2.5trillion in assets but that is not stopping the institution from closing branches in six states, according to AS USA.
All banks are federally mandated to report any closures to the Office of the Comptroller of Currency at least 90 days before they take place.
According to Bank of America executives, physical locations remain an important part of the banking giant’s brand.
My bank is closing - what does this mean for my money?
Banks are closing all over the US, leaving Americans wondering what will happen to their money.
Financial institutions, such as Wells Fargo, PNC Bank, and JP Morgan Chase, have closed sites across the country.
Since the Covid-19 pandemic, the rate at which banks have closed down sites has been greatly sped up.
This is primarily due to changes in customer preferences with more Americans opting to manage their money online or via apps.
Branches in the following states will be affected by Bank of America’s latest round of closures: California, Michigan, Massachusetts, Virginia, Maryland and Washington.
California will see the most locations shut down at six, while Michigan and Massachusetts will have three and two sites close, respectively.
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Figures from S&P Global Market Intelligence have revealed a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states
Daily Express US has previously covered the wave of bank branch closures which have been sweeping the country in recent years.
Among the financial institutions to shutter in-person operations in recent months have been Wells Fargo and PNC Bank.
Here is a full list of the Bank of America closures which are due to close later this month:
California
- 2925 Scott Boulevard, Santa Clara
- 200 Cochrane Plaza, Morgan Hill
- 1275 Fell Street, San Francisco
- 3491 McKee Road, San Jose
- 1400 Moraga Way, Moraga
- 2049 Century Park East, Los Angeles.
Michigan
- Twelve Oaks Mall, Novi
- 4000 Baldwin Road, Auburn Hills
- 1310 South Rochester Road, Rochester.
Massachusetts
- 108 Main Street, Medway
- 49 Main Street, Franklin.
Maryland
- 7170 Cradlerock Way, Columbia.
Virginia
- 1111 East Main Street, Richmond.
Washington
- 20708 Bothell-Everett Highway, Bothell.
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