This 2025, some Bank of America branches will close. This is one of the main financial institutions in the United States and it has recently announced the closing of some of its branches because their clients go less frequently to the offices. Digitalization has reached many services and little by little offices are disappearing, but not all of them.
In this article, we are going to see more in detail which branches will close along with the specific dates and addresses. So, let’s find out if this closing of some Bank of America branches will have any impact on their clients.
Bank of America
This is one of the largest and most-well known banks in the United States. It was founded in 1904 under the name of Bank of Italy in San Francisco, and it became Bank of America in 1930.
Millions of people trust Bank of America across the U.S. and globally because of their strong online system, large network of ATMs and branches, and the broad financial services. Despite their success, they are closing some of their branches…
Reducing the number of offices
Bank of America has decided to close some of their branches because their clients are getting used to doing their financial operations online, through their mobile phones, computers or even ATMs. So, after analyzing this situation, the best decision was to reduce the number of active offices according to their clients’ demand.
Where will this happen?
Bank of America has announced which states will be the ones affected by this decision in 2025. Let’s see where and when the branches will stop working in each state in detail:
- California: 4 branches will close here. The one at 4551 2nd St, Suite 120, Davis will close in June; at 16811 Algonquin Street, Huntington Beach in October; at 5800 Santa Rosa Road, Camarillo in November; and at 445 Powell Street, San Francisco in December.
- Texas: the branch at 1206 South Bowen, Arlington will disappear in September.
- Nevada:this will also affect one branch at 300 South Fourth Street, Las Vegas in September.
- Kentucky: only the ine at 201 Bastogne Avenue, Fort Campbell will close in September.
- South Carolina: the one at 901 Savannah Highway, Charleston will stop working in October.
What does this mean for clients?
It’s true that digitalization is gaining a big role in many paperwork processes, but there are still people who are used to going to the offices or aren’t comfortable using technology for these situations. So, the branch closing will be a difficult situation for these people who want to do their financial operations face to face with the bank employees.
However, Bank of America is making sure none of their clients feel left out by this decision. That’s why they made sure their clients were aware of the strong digital services they have on their website and mobile phone app, and that other near branches will keep working as usual – customer service will be offered, including telephone support.
To be clear, these are the available options
So, these clients who don’t want the offices to disappear are wondering if they could only do their financial operations online, but Bank of America has cleared up that their services will be available through other means like: online banking, mobile app, ATMs and near branches. Despite Bank of America’s reduction of branches, others will be active in the cities or regions where this decision has affected, so that clients can continue having access to customer service if they need it.
Digitalization is getting bigger in the world. We need to be updated on digital tools our banks offer us because online paperwork is more frequent than we know. Do you think offices shouldn’t be closed even though the number of clients going there has lowered?
