Bank of America is the second largest bank in the United States, and this year, the financial giant has announced that it will close up to 138 locations. To date, 95 branches have been closed this year, and 15 more are to shutter by the end of the year. The remaining locations are planned to close in 2024, meaning that the trend, common among nearly all of the big banks of shutting local branches will continue.
How do we know which branches will close?
When a bank decides to shut down a branch, it has to report the information to the Office of the Comptroller of Currency (OCC) at least ninety days before the closure is scheduled. Based on the reported closures that were filled at the end of 2022 and those filed through early September of this year, we were able to identify the total number of branches that could be impacted.
The complete list of branches that will be closed by the end of 2023
In Arizona, three branches will have closed by the end of the year:
In California, 32 branches have closed, with four additional closures planned by the end of the year:
Bank of America has announced that two branches in Connecticut will be closed, but the first, located at 1120 Post Road in Darien, has not been scheduled, and the second in Stamford, at 417 Shippan Avenue, will not close until April 2024.
In the District of Colombia, one branch located at 2001 Pennsylvania Ave, NW, will close in early December.
In Florida, six branches will have closed by the end of the year:
In Georgia, two branches have closed this year:
In Illinois, three branches have closed this year:
In Massachusetts, five branches have closed, and one more will shutter in early December.
In Maryland, three branches have closed, and one more will close in December:
In Michigan, three branches have closed this year:
In Missouri, two branches have been closed:
In North Carolina, three branches have been closed:
In New Hampshire, only one location in Rochester, 66 South Main Street, has closed this year.
In New Jersey, a total of four branches have closed, and one more will shutter by the end of the year:
In Nevada, the two Las Vegas locations have closed:
In New York, a total of three branches have closed, and two more will by the end of the year:
In Oklahoma, one Tusla branch at 5950 E. Admiral has been closed. The bank plans to close the location at 515 South Boulder Ave in March 2024.
In Oregon, four locations have been closed this year:
In Pennsylvania, two locations will be closed by the end of this year:
Both South Carolina and Tennesse have seen one Bank of America branch close this year:
In Texas, a total of nine branches will be closed by the end of the year:
In Virginia, three branches have closed, and the bank plans to close two more in the first half of 2024.
In Washington, a total of six branches have closed this year: