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Bank of America will close several of its banks in the United States starting in January 2024

Bank of America will close several of its banks in the United States starting in January 2024

Bank of America branches closing in January 2024: Complete list
Bank of America is closing several branches heading into next year. Below is the complete list of locations that will close during January 2024.

Through 2023, Bank of America has closed more than 100 branches and is preparing to close more locations next year, starting in January.

The rise of online banking is one of the reasons that led to these closures. In recent years, competition has increased significantly for banks that provide services exclusively online. In addition, there has been a decline in transactions taking place in physical branches, in response to the growing demand for digital and remote banking experiences.

For many banking institutions, maintaining certain branches is no longer profitable and represents a high cost, as more and more transactions are carried out outside them. Therefore, banks have sought to adapt to the changing needs of their customers.

Banks must notify the OCC of upcoming closures

When banks want to close a branch, they must notify the Office of the Comptroller of the Currency (OCC) at least 90 days before the closing date. This notification is sent through the Branch Early Closing Notice.

Each closing is recorded in a weekly bulletin available on the OCC’s web portal. According to bulletins dated December 2 and 9, Bank of America closed six branches this month.

Bank of America plans to close several more branches in January 2024

Keeping in mind that closing announcements must be made 90 days in advance, October newsletters include information about Bank of America branches that may close in January or later.

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According to bulletins shared by the OCC in October, Bank of America announced the early closure of 24 branches in states such as California, Florida, Georgia, New York, Connecticut, Pennsylvania and Texas.

Here is the full list of locations:

337 Main Street, Pleasanton, CA
60 Hempstead Street, West Hempstead, New York
552 South 6th, Redmond, OR
8700 NE Vancouver Mall Drive, Vancouver, WA
7500 Gulf Street, St. Pete Beach, FL
7900 Shoal Creek Road, Austin, Texas
936 G Street, Reedley, CA
2300 Grand Avenue, Baldwin, New York
430 Route 134, South Dennis, Massachusetts
18120 Sherman Road, Reseda, California
1199 Northpoint Mall Circle, Alpharetta, Georgia
3745 Aramingo Street, Philadelphia, Pennsylvania
48 Wall Street, Norwalk, CT
101 West Ridgecrest Boulevard, Ridgecrest, California
6 East Trenton Avenue Morrisville, Pennsylvania
296 Summerhill Road, Spotswood, NJ
70 Farmington, Hartford Blvd, CT
1200 Vermont Drive, San Leandro, California
1253 Avenue, Hayward, California
619E. Street, Marysville, California
162 E Putnam Ave, Cos Cob, CT
79 Main Street, Port Washington, New York
7804 Abercorn Ext, Savannah, Georgia

More Bank of America closings in 2024

In the November bulletins, the financial institution reported the early closure of 21 additional branches, while in the two December bulletins shared up to December 19, eight more closures were recorded. This means that the bank will close more branches at the beginning of the first quarter of 2024.