Bank branch closures remain in the news, and rightly so. The rapidly changing trends in global banking systems mean that clients transact their businesses more conveniently online rather than physically depositing cash in a certain branch of the bank; few, if any, institutions have practiced this than Bank of America, the second largest bank in the US.
To make efficiency, and thanks to the investment into digital accounting done during the pandemic to be able to remain open, many branches of Bank of America have been closed in the last few years, and many areas of the country are now considered to be a banking desert.
It is logical that shutting down underperforming or overlapping stores saves a lot of cash and allows the company to invest in the digital space in order to enhance the customer’s experience. And if it adds the reconditioning of the ATMs to be able to perform even more functions as efficiently as bank tellers, it is a great idea.
Indeed, most of the banks are operating with it, if not for it, the number of branch offices in the United States which was as high as almost 100000 just a decade back has come down to less than 80000 at present and there is no sign of it looking to stop anytime soon.
Thankfully for the consumers, there is a way by which they can at least know these closures before the branch on which they rely just closes down.
Bank Of America locations closing
Here are some of the closing addresses
Arizona
9325 North 7th Street, Phoenix
California
6905 Capistrano Avenue, Atascadero
2101 West 6th Street, Los Angeles
Connecticut
100 Federal Road, Brookfield
Georgia
1674 Monroe Drive, NE, Atlanta
3985 Sugarloaf Parkway, Lawrenceville
Illinois
3210 W IL Route 60, Mundelein
40 N Randall Rd., Lake in the Hills
Florida
3010 Cypress Gardens Road, Winter Haven
