List of Bank of America branches closing in Florida in March

Last year, Bank of America closed several branches across the country, including some locations in the state of Florida. The closures are expected to continue throughout 2024.

Among the reasons for the closures are the new banking needs of customers. Transactions outside physical branches have increased, and banks are seeking to adapt to this boom in online banking. Also, certain branches are less profitable, leading banks to close them.

Although closures will continue in 2024, they could be fewer as prominent banks look to strengthen their branch networks in growth markets, according to an analysis by American Banker.

Despite the closures, banks are still carefully opening some new branches in some areas with growing populations or economies.

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Bank of America branches that will close in Florida starting in March

When banks intend to close any branches, they must notify the Office of the Comptroller of the Currency (OCC) at least 90 days before the closing date.

This notification is made through an Advance Notice of Branch Closing. These notices are shared by the OCC in weekly newsletters, which can be found on its website.

If we take into account that the announcement of the closure must be made at least 90 days in advance, we can estimate that the December bulletins include information on the Bank of America branches that are set to close as of March this year.

In December, Bank of America shared advance notice of closing 19 branches, including the following in the state of Florida:

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Based on data from the January newsletter, Bank of America reported the early closure of 10 more locations, which could begin halting operations as early as April. The branches include three in Florida:

In the February bulletin, 10 more closures have been reported which could begin 90 days later; that is, beginning May. Three more closures in Florida were reported in these bulletins: