Home Featured Bank of America and Chase Are Closing Even More Branches—Here's Where

Bank of America and Chase Are Closing Even More Branches—Here's Where

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Bank of America and Chase Are Closing Even More Branches—Here's Where




<p>Online banking makes it easy to oversee your accounts from home, so it's usually not until you need to <a rel="noopener noreferrer" href=" target="_blank">speak to a teller</a> in person that you end up venturing to your closest branch. But if you don't keep up with local closures, you may not even know if your trusted location has shuttered ahead of your next impromptu visit. Unfortunately, branch closures are commonplace these days, and two of the biggest names—JPMorgan Chase and Bank of America—just announced another batch of locations set to close. Click here to learn where.</p>
<p><strong>RELATED: <a rel="noopener noreferrer" href=" target="_blank">Wells Fargo Shutters 10 More Branches Amid Mass Bank Closures</a>.</strong></p>
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<div class="title">Additional Bank of America branches will shutter in the coming months.</div>
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<p>According to the <a rel="noopener noreferrer external nofollow" href=" target="_blank">Nov. 4 Weekly Bulletin</a> published by the U.S. Office of the Comptroller of the Currency (OCC), Bank of America is closing another 10 locations in the coming months. The OCC was notified of the closings between October 31 and November 2, which means that the earliest they can close is three month from these dates. The agency requires 90 days notice for bank branch closings.)</p>
<p>Per the bulletin, locations are closing in eight states, including individual locations in Norfolk, Virginia; Silver Spring, Maryland; Franklin, Tennessee; New York City; and Punta Gorda, Florida.</p>
<p>In California, three Bank of America branches will close in Hermosa Beach and Castaic. In Missouri, two St. Louis branches are also listed as closing. (However, it's worth noting that the two Missouri branches have the same address listed on the filing, 1155 Saint Louis Galleria, and this may refer to the two Bank of America <a rel="noopener noreferrer external nofollow" href=" target="_blank">ATMs currently on site</a>.)</p>
<p><em>Best Life </em>reached out to Bank of America for comment on the closures and will update the story with its response.</p>
<p><strong>RELATED: <a rel="noopener noreferrer" href=" target="_blank">Chase and U.S. Bank Customers Say Their Accounts Are Being Closed Without Warning</a>.</strong></p>
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<p>In the OCC bulletin of November 4, Chase listed locations that were closing. One location in Wilmington California is closing and being consolidated with nearby branches. Two locations in Roseville Michigan are also being closed, then reopened under one roof.</p>
<p>On October 26, the company shut down a Rocky River location, Ohio. This was then relocated to another site a couple of days later. Chase closed its Valencia, California location on October 25 to consolidate with another branch. A temporary branch opened in Corona (New York) for the US Open tennis event in September was also closed.</p>
<p>"Our strategy is unique relative to our peers. We are the only major bank with significant investments in new branches, adding more than 650 over the last five years, including delivering on our commitment to build 400 branches in 25 new states," Chase told <em>Best Life </em>in a statement. "We know that to serve the diverse needs of our customers we need to be present in the community so we're opening new branches where it makes sense, both in neighborhoods that are growing, and ones where there aren't enough branches."</p>
<p>The company continued, "Our goal is to have the right branches in the right communities and serve the financial needs of our diverse customers."</p>
<p><strong>RELATED: <a rel="noopener noreferrer" href=" target="_blank">Bank of America Planning to Close Another 20 Branches—Here's Where</a>.</strong></p>
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<p>This latest round of closings is on top of those that were confirmed previously. Throughout October, Bank of America shuttered several locations and listed <a rel="noopener noreferrer external nofollow" href=" target="_blank">more closing branches</a> in California, New York, Connecticut, Pennsylvania, New Jersey, Florida, Texas, and Oregon.</p>
<p>In additional filings last month, the bank also confirmed <a rel="noopener noreferrer external nofollow" href=" target="_blank">closures in Georgia</a>, <a rel="noopener noreferrer external nofollow" href=" target="_blank">Washington</a>, and one closure in <a rel="noopener noreferrer external nofollow" href=" target="_blank">Massachusetts</a>.</p>
<p>Chase already closed locations this fall, per OCC filings from October, and just shuttered a branch <a rel="noopener noreferrer" href=" target="_blank">in Denver</a> earlier this month, <em>Best Life </em>previously reported.</p>
<p><strong>RELATED: <a rel="noopener noreferrer" href=" target="_blank">Chase and Citi Customers Say Their Accounts Are Being Closed Without Warning</a>.</strong></p>
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<div class="title">Both banks are also opening new locations.</div>
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<p>The Nov. 4 OCC bulletin also lists new branch locations—and both Chase and Bank of America have recently added sites.</p>
<p>Bank of America just opened branches in Brooklyn, New York; Highland, Utah; and Omaha, Nebraska, the filing states.</p>
<p>For its part, Chase opened branches in Lake Zurich, Illinois; Lakewood, Ohio; Bristow, Virginia; Birmingham, Alabama; Niskayuna, New York; Bentonville, Arkansas; and Brooklyn Center, Minnesota.</p>
<p>Additionally, Chase alerted the OCC of branches that will be opened soon, including locations in Kansas City, Missouri; Voorhees, New Jersey; Germantown, Wisconsin; and Lititz, Pennsylvania.</p>
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The post Bank of America and Chase Are Closing Even More Branches—Here's Where appeared first on Best Life.



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