Bank of America has recently been making a concerted effort to shut some of its physical branches throughout the United States. This has been primarily influenced by the constant advertisement of digital banking services to customers, which, in turn, has reflected a reduction in walk-ins to its branches. Subsequently, the bank has already targeted over 30 locations scheduled for closure in the following months.
Why is Bank of America closing branches?
The major reason is the huge paradigm shift of the customers towards online banking and mobile banking. There are many who access the digital methods for managing their finances, and the ideas against keeping a physical branch have gained momentum. Also, some banks are not productive and do not contribute to their overall business. Hence, the bank would like to focus our resources on active locations.
Which Bank of America branches are closing?
According to recent reports, the following Bank of America branches are scheduled to close:
- California:
- 2101 West 6th Street, Los Angeles
- 7404 Jackson Drive, San Diego
- 1525 Market Street, San Francisco
- Florida:
- 1200 West Osceola Parkway, Kissimmee
- 5626 Tavilla Circle, Naples
- 12965 Collier Boulevard, Naples
- 8181 West Broward Boulevard, Plantation
- 16686 SW 88th Street, Miami
- Texas:
- 6401 NW Loop 410, San Antonio
- 2000 East Lamar, Suite 100, Arlington
- 251 Avenue B, Dyess AFB
- 6901 Hillcrest, Dallas
- 190 West Cartwright Road, Mesquite
- 2130 Fort Worth Avenue, Dallas
- Georgia:
- 1674 Monroe Drive NE, Atlanta
- 3985 Sugarloaf Parkway, Lawrenceville
- Illinois:
- 3210 W IL Route 60, Mundelein
- 240 N Randall Rd., Lake in the Hills
- Virginia:
- 1708 Old Bridge Road, Woodbridge
- 12881 Braemar Village Plaza, Bristow
- Missouri:
- 3100 Main Street, Kansas City
- 9961 Manchester Road, Warson Woods
- Pennsylvania:
- 920 South Street, Philadelphia
- New Jersey:
- 4005 Route 9 North, Howell
- Tennessee:
- 3741 Winchester Road, Memphis
- Oregon:
- 14400 SW Allen Boulevard, Beaverton
- Washington:
- 14440 124th Avenue NE, Kirkland
- 1201 Madison Street, Seattle
- Ohio:
- 312 Walnut St., Cincinnati
- Massachusetts:
- 684 Fellsway, Medford
- South Carolina:
- 104 Regency Drive, Columbia
- Maryland:
- 17501 Redland Road, Derwood
These closures are part of a broader trend affecting the banking industry as financial institutions adapt to technological advancements and changing customer preferences. While physical branches are decreasing, banks are investing more in digital infrastructure to meet the demands of modern banking.
Read more: These are the dollar bills that Bank of America is no longer accepting starting in October
What should customers do if their branch is closing?
If your closest Bank of America location is among the branches closing, what are some things you can do? Here are suggestions:
- Visit other branches: Find all other nearby locations of Bank of America that are still open.
- Visit bank online: Discover the wide range of features that online banking and mobile banking ideologies can offer, from balance checks to fund transfers.
- Connect with customer services: If you have a concern or require assistance, you can contact Bank of America’s customer services.
Using these digital banking alternatives instead of traditional branch visits enables you to handle your financial transactions from anywhere with great mobility.
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