Bank of America to Close More Branches Nationwide – See the Full List of Locations Affected

The ongoing closure of bank branches has been a hot topic, with Bank of America, the second-largest bank in the U.S., leading the charge. The bank has significantly reduced its physical locations over the past few years, creating what are now referred to as “banking deserts.” This shift reflects the growing preference for digital banking but leaves many customers with fewer in-person service options.

Let’s look into why this trend is happening, its impact on customers, and how you can stay informed about branch closures.

Bank Branches

The move toward digital banking has made it easier for customers to manage transactions online. Bank of America, like many financial institutions, has heavily invested in digital platforms, allowing tasks traditionally handled by bank tellers to be performed through mobile apps, online platforms, or advanced ATMs.

Reasons Behind Closures:

1. Cost Optimization: Closing underperforming or duplicate branches reduces operational costs, freeing funds for digital banking improvements.
2. Technology Advancements: Enhanced ATMs now handle more transactions, reducing the need for physical branches.
3. Customer Trends: With a growing number of customers opting for online services, foot traffic in branches has decreased significantly.

Since 2009, the number of bank branches in the U.S. has fallen from nearly 100,000 to fewer than 80,000. This trend shows no signs of slowing down.

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Impact

While digital banking is convenient for many, branch closures have created challenges, particularly in underserved areas:

• Limited Access: Some customers, especially older adults or those in rural areas, lack reliable internet or comfort with digital banking.
• Service Gaps: Certain banking needs, like accessing a safety deposit box or resolving complex issues, require in-person assistance.
• Banking Deserts: Entire communities now lack nearby branches, forcing customers to drive long distances for basic services.

In response, some customers have switched banks to find one with a local branch, highlighting the frustration caused by closures.

Staying Informed

The Office of the Comptroller of the Currency (OCC) plays a critical role in monitoring bank branch closures. Banks are required to submit a 90-day notice to the OCC before closing a branch, giving customers time to prepare. For example, customers may need to relocate a safety deposit box or transition their accounts.

Bank of America Closures:

State	Branch Location
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

In-Person Banking

While the push for digital banking improves efficiency, it highlights the need for balance. Customers require options that cater to both tech-savvy users and those who prefer face-to-face interactions. Until such a balance is struck, closures will continue to create challenges for customers relying on physical branches.

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