In the United States, Bank of America has closed many of its branches across the country since last year. The primary reason was the marked decline in demand for face-to-face services and the move to online banking.Therefore, in 2023, about a hundred institutions were closed. In addition to those already scheduled this year, as announced before the Office of the Comptroller of the Currency (OCC).
This means that Corporation 1111 located at EAST MAIN STREET, RICHMOND, VA is scheduled to close on May 7, 2024.
For its part, on May 14, 2024, the branch located at 7395 MISSION STREET, DALY CITY, CA will close. Meanwhile, on the 21st of that month, the establishment at 5485 Camino al Norte, North Las Vegas, Nevada, is expected to close.
20708 Bothell-Everett Road, Bothell, WA; On July 11th, the branch located at 3565 CALIFORNIA ST, SAN FRANCISCO, CA will close on July 30th.
What closures will occur in August and September?
On August 13, 11060 NE 6TH STREET, SUITE 80, BELLEVUE, WA will close; and 1401 S Harbor Boulevard, Fullerton, CA.
While they will do so on the 17th of this month at 2049 CENTURY PARK ESTE, LOS ANGELES, CA; and 455 Isla Street, San Diego, California.
September will close 5114 SOUTH POWER ROAD, MESA, AZ on the 19th. Additionally, 29687 EL CAMINO VIEJO, CASTAIC, CA will be closed on the 24th.
Meanwhile, on October 29, Bank of America will close its branch at 13700 JOG ROAD, WEST DELRAY BEACH, FL. Finally, on November 19, 6261 PGA BOULEVARD, PALM BEACH GARDENS, FL.
It is worth noting that Bank of America's closure plans aim to reduce the number of stores due to low demand.
However, this may mean transporting clients longer distances in case they need to perform the procedure in person.
