The Bank of America branches in different states of America are being closed to improve or implement of digital banking system in the country. The closures of several banks like Bank of America have already started, whereas some branches are set to shut down in the coming months. In this article, we listed upcoming or previous Bank of America Closing Locations.
Bank of America Closing Locations
In the United States, several major banks like Bank of America, Wells Fargo, and Chase are going to close branches across America alongside other regional banks. It is a way to promote a larger shift of digital services that offer convenience and cut down the expenses of maintaining physical bank locations. In the busy daily routine individuals also give importance to online banking. They want to do every bank-related work electronically instead of going to the physical bank branches.
The closures of bank branches have already started whereas several branches are set to shut down in the upcoming months. If you have a bank account in in-person banking, it is advised to you to check your nearest branch to make it clear whether it is on the list of closures or not. Online banking is easy to handle transactions so read this full article to get information about Bank of America Closing Locations.
Full List of Bank of America Soon-to-be Closed Locations
If you are a bank account holder in a bank in America then it is very important for you to know about the upcoming closed bank locations. The full list of banks in America that are going to close in the upcoming months but keep in mind that Bank of America will be closed before the end of 2024.
- 25 West Main St, Brawley
- 512 Fletcher Parkway, El Cajon
- 4054 Macarthur Blvd, Oakland
- 1515 Broadway, Sacramento
- 866 North Wilcox Avenue, Montebello
- 5225 Canyon Crest Drive, Riverside
- 8949 Clairemont Mesa Blvd, San Diego
- 1053 Sun Valley Center Blvd, Concord
- 8949 Clairemont Mesa Blvd, San Diego
- 7404 Jackson Drive, San Diego
- 8655 Beverly Blvd Los Angeles
- 780 Blossom Hill Rd, Los Gatos
- 6905 Capistrano Avenue, Atascadero
- 6401 N.W. Loop 410, San Antonio, TX.
Full list of Bank of America Closing Locations
Account holders of Bank of America want to know about the Bank of America Closing Locations. The full official list of Bank of America Closing Locations that already have closed earlier this year is listed below.
- 1 Market St., San Francisco
- 5800 South Eastern Ave., Los Angeles
- 1400 Moraga Way, Moraga
- 1818 South Euclid St., Anaheim
- 90 Pier Ave., Hermosa Beach
- 1440 Truxtun Ave., Bakersfield
- 2708 Ming Ave., Bakersfield
- 39168 Winchester Road, Murrieta
- 800 Irving St., San Francisco
- 2516 East Chapman Ave., Fullerton
- 300 Lakeside Drive, Oakland
- 3491 Mckee Road, San Jose
- 40 West Foothill Blvd., Upland
- 2012 E Avenida De Los Arboles, Thousand Oaks
- 7395 Mission St., Daly City
- 3565 California St, San Francisco
- 1401 S. Harbor Blvd., Fullerton
- 2049 Century Park East, Los Angeles
- 455 Island Ave., San Diego
- 2708 Ming Avenue, Bakersfield
- 1440 Truxtun Avenue, Bakersfield
- 450 Montgomery Street, San Ramon
- 43591 Mission Blvd, Fremont
- 40 West Foothill Blvd, Upland
- 2516 East Chapman Avenue, Fullerton
- 800 Irving Street, San Francisco
- 39168 Winchester Road, Murrieta
- 294 Fox Hills Mall, Culver City
- 40750 Winchester Road, Temecula
- 7395 Mission Street, Daly City
- 72840 Highway 111, Palm Desert
- 12434 North Main Street, Rancho Cucamonga
- 14006 Riverside Drive, Sherman Oaks
- 2020 Lake Tahoe Boulevard, South Lake Tahoe
- 8375 Arroyo Circle, Gilroy
- 1175 Arnold Drive, Martinez
- 555 The Shops At Mission Viejo, Mission Viejo
What are the reasons behind the Bank of America Closing Locations?
There are several reasons behind the Bank of America Closing Locations. Some of them are listed below.
- Promote Digital Banking: Nowadays Americans are using online and mobile banking services that reduce the need for physical bank branches. Therefore Bank of America Closing their bank Locations.
- Cost Efficiency: The process of maintaining the physical branches of the bank is very expensive. Bank of America’s Closing Locations helps banks cut costs and utilize extra amounts of attention to provide online services.
- Pandemic Impact: The COVID-19 pandemic forced Bank of America to digital banking because customers preferred to avoid in-person visits to banks.
Benefits of Bank of America Closing Locations
The beginning of Bank of America’s Closing Locations was very shocking for customers but with the passage of time, customers understood that it has several benefits so why should we not adopt an online banking service. Bank of America’s previous or upcoming closing branches have various positive impacts and can provide below listed benefits for the bank, community, and bank customers.
For the Bank
- Cost Savings: Less number of physical bank locations helps the bank save operational costs like rent, utilities, electronic costs, and staffing.
- Promote Resource Utilization: The bank can utilize resources to increase the digital services that will become a cause of increasing customer electronic bank experience.
- Environmental Benefits: When there are only a few bank branches available then it will leave a smaller carbon footprint that can promote environmental sustainability.
For Customers
- Enhanced Digital Services: Because of Bank of America’s Closing Locations banks can make more investments in digital infrastructure that allow customers to enjoy faster and more efficient online banking services and mobile banking services.
- Provide Conveniences: Digital or electrical banking system allows customers to manage and gain awareness about their finances anytime and anywhere without needing to visit a branch.
- Innovative Solutions: Banks can introduce new technologies and services, such as AI-driven financial advice and advanced security features.
For the Community
- Lessen Traffic and Pollution: When only a few number of people travel to branches then this act will lead to less traffic congestion and it will also lower pollution levels throughout the country.
- Repurposing of Space: Closed bank branches will be repurposed for many other community needs like retail spaces, community centers, stores, and co-working spaces.
