Bank of America Planning to Close Another 20 Branches—Here's Where
One state will be hit the hardest, but closures are spread out nationwide.
These days, having a local bank branch to visit when you need to make a withdrawal or speak to a teller is something of a luxury. More and more branch closures are making headlines—and they don't appear to be slowing down any time soon. According to a recent filing with the U.S. Office of the Comptroller of the Currency (OCC), Bank of America is adding to the list and closing another 20 branches. Read on to find out where.
Branches will likely shut down in the coming months.
Per an Oct. 7 weekly bulletin published by the OCC, Bank of America is closing locations across the country in the coming months. OCC regulations require banks to provide closure notice at least 90 days in advance—and because Bank of America's latest filings are dated Oct. 3, the earliest these branches could close is early next year.
Best Life reached out to Bank of America for comment on the impending closures, and will update the story with its response.
Bank of America is closing eight branches in California.
California will be hit the hardest in terms of Bank of America branch closures. Per the filing, the bank chain is planning to close eight branches in the Golden State.
Three branches are closing in Alameda County, namely locations in San Leandro, Hayward, and Pleasanton. The remaining five California locations are shuttering in Marysville, Petaluma, Ridgecrest, Reseda, and Reedley.
New York and Connecticut will also see multiple closures.
The Northeast is taking a hit, too, as Bank of America plans to shutter three branches in Nassau County, New York, including locations in West Hempstead, Port Washington, and Baldwin.
New Jersey is losing one location in Spotswood, while Connecticut will also see closures in Cos Cob and Norwalk, both of which are in Fairfield County, as well as a closure in the state capital, Hartford.
Bank of America is closing two branches in Pennsylvania, including an in-store location at a Shop Rite in Philadelphia, and another branch in Morrisville.
The remaining three closures are spread out, with branches closing in St. Pete Beach, Florida; Austin, Texas; and Redmond, Oregon. A full list of closures and branch addresses can be found in the OCC bulletin.
Other banks have closures on the docket, too.
Bank of America isn't the only major bank actively closing branches. Per the latest weekly bulletin, on Oct. 4, Wells Fargo shuttered another 15 branches in Arizona, Georgia, Iowa, New Mexico, Pennsylvania, Oregon, Washington, Texas, Nevada, Nebraska, Alabama, California, and Florida.
These shuttered branches are in addition to another 10 closures from Sept. 20. In a statement previously provided to Best Life, Amy Amirault, Wells Fargo's assistant vice president of Consumer, Small & Business Banking Communications, said that branches change "as customer preferences and transaction patterns change."
She continued, "For example, we may open new branches where we combine two older existing branches into one better situated location. All of this does not take away the importance of our customers and the communities we serve."
In addition to Wells Fargo, JPMorgan Chase Bank also shuttered three locations in Kentucky, Wisconsin, and Utah on Oct. 5.
U.S. Bank closed three branches between Oct. 3 and Oct 5, per the bulletin, alerting the agency to five upcoming closures in Kentucky, Utah, Missouri, and Washington.