USA

Find out which Bank of America branches are closing in June

Several banks, including Bank of America, have multiple branch closings scheduled for June. Here’s how many the second largest bank will close and where.

Several banks, including Bank of America, continue to close branches in the United States. During the coronavirus pandemic, some financial institutions were forced to close locations temporarily due to labor shortages and an increase in infections.

However, after the end of the health emergency, banks have decided to close certain branches. This is due to a number of factors, including the rise of online banking, competition from online-only banks, a drop in transactions at physical branches, the demand for increased digitization, as well as the existence of locations that are not profitable and have a high cost.

Bank of America is one of the banks that will be closing several branches this month and in the months to come. Here are the number of branches that will close and where they are located.

Find out which Bank of America branches are closing in June

When banks are going to close branches, they must notify the Office of the Comptroller of the Currency (OCC) at least 90 days prior to the closing date through an Advance Notice of Branch Closure, as outlined in the Comptroller’s Licensing Manual.

Each of the closures are documented in a weekly newsletter, shared by the OCC. In the March newsletters, Bank of America branches announced the closure of several branches. Taking into account that the announcement of the closure is made 90 days before, the closure of the branches will take place this month.

This may interest you: Which are the largest banks in the United States and what is their volume of assets

In the March 4 newsletter, the OCC reported the closure of 3 branches:

  • Riverside Plaza in Chicago, Illinois
  • West Mission Banking Center in Escondido, California 
  • One Market Plaza in San Francisco, California

Upcoming Bank of America Branch Closures

In the April newsletters, 13 more Bank of America branches were reported to be closing. Taking into account that the announcement of the closure is made 90 days before, the closure of offices in these cities will take place in July:

  • Auburn, Washington
  • Lynchburg, Virginia
  • Bloomingdale, IL
  • McHenry, Ill.
  • Seattle, Washington
  • Pinecrest, Florida
  • Orlando, Florida
  • Los Angeles, California
  • Austin, Texas
  • Atlanta, Georgia
  • Portland, Oregon
  • Chino Hills, California
  • Hoboken, New Jersey

In the May newsletters, Bank of America reported the closure of 12 more branches. Noting that the OCC requires a closure to be reported 90 days in advance, locations in these cities will close in August:

  • Rialto, California
  • Tulsa, Oklahoma
  • Hyattsville, Maryland
  • Riverdale, Maryland
  • Independence, Missouri
  • Troy, Missouri
  • Costa Mesa, California
  • Mesa, Arizona
  • Flower Mound, Texas
  • Silver Spring, Maryland
  • Houston, Texas
  • Renton, Washington

Finally, in the first newsletter of June, the OCC informed the upcoming closure of 3 branches. These locations will close in September:

  • Brockton, Massachusetts (2 locations)
  • San Marcos, California

Most viewed

More news