California Bank Customers on High Alert as More Branches Face Closure
Major banks continue to push customers toward online banking as they close locations across the United States. Bank of America and Wells Fargo, in particular, are closing locations nationwide.
According to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.
Each week I provide an updated list to readers on the latest bank locations to close. Once again, California will be impacted, with five more locations added to the ever-growing closure list.
Take a look to check if you will be impacted.
New additions to the bank closure list in California
- City NB. 800 Silverado St, La Jolla
- City NB. 1800 Century Park East, Los Angeles
- JP Morgan. 150 W. Foothill Blvd, Azusa
- City NB. 1100 FLlynn Rd, Camarillo
- JP Morgan. 23220 Hawthorne Blvd, Torrance
Below is the latest complete list of bank locations set to close in California over the next few months
California Bank Branches closed in July
- JP Morgan. 3492 Mt Diablo Blvd, Lafayette
- Bank of America. 3045 Wilshire Blvd, Los Angeles
- Wells Fargo. 715 Bridgeway, Sausalito
- Wells Fargo. 10211 Avalon Blvd, Los Angeles
- Wells Fargo. 535 N. Brand Blvd, Glendale
- Wells Fargo. 800 E Alisal St, Salinas
- Bank of America. 208 Main St, Seal Beach
- Bank of America. 3650 Grand Ave, Chino Hills
- JP Morgan. 18601 Devonshire St, Northridge
California Bank Branches closing in August
- Wells Fargo. 625 South Lone Hill Ave, Glendora
- Wells Fargo. 1735 Ramsey St, Banning
- Wells Fargo. 1596 Moorpark Rd, Thousand Oaks
- Bank of California. 530 Palisades Dr, Pacific Palisades
- JP Morgan. 3250 Pico Blvd, Santa Monica
- JP Morgan. 10838 Long Beach Blvd Lynnwood
- Bank of America. 2701 Harbor Blvd, Costa Mesa
- Wells Fargo. 16055 Foothill Blvd, Fontana
- Wells Fargo. 3211-1 Business Park Drive, Vista
- JP Morgan. 5180 Foothills Blvd, Roseville
- JP Morgan. 5142 Stevens Creek Blvd, San Jose
- Zions. 525 University Ave, Palo Alto
- Zions. 1900 Avenue of the Stars, Los Angeles
- Bank of America. 336 South Twin Oaks Valley Rd, San Marcos
- Flagstar Bank. 201 Mission Street, San Francisco
- Bank of America. 5800 South Eastern Ave, Los Angeles
California Bank Branches closing in September
- Bank of America. 336 South Twin Oaks Valley Rd, San Marcos
- Flagstar Bank. 201 Mission Street, San Francisco
- Bank of America. 5800 South Eastern Ave, Los Angeles
- Wells Fargo. 3550 Round Barn Blvd, Santa Rosa
- Citibank. 10460 MT Gleason Ave, Tujunga
- Citibank. 41969 Big Bear Blvd, Big Bear Lake
- Citibank. 1995 41st Ave, Capitola
- JP Morgan. 2121 Olympic Parkway, Chula Vista
- Wells Fargo. 301 S. Pacific Coast Hwy, Redondo Beach
- Bank of America. 1818 South Euclid St, Anaheim
California Bank Branches closing in October
- Wells Fargo. 1565 East Highland, San Bernardino
- JP Morgan. 1 Hacker Way, Menlo Park
- Wells Fargo. 1071 El Camino Real, Redwood City
- Wells Fargo. 42420 Washington Ave, Bermuda Dunes
- Bank of America. 2925 Scott Blvrd, Santa Clara
- Bank of America. 200 Cochrane Plaza, Morgan Hill
- Bank of America. 1275 Fell St, San Francisco
- Bank of America. 3491 McKee Rd, San Jose
- Bank of America. 1400 Moraga Way, Moraga
- Bank of America. 2049 Century Park East, Los Angeles
- Wells Fargo. 303 N. El Dorado St, Stockton
- City NB. 50 Freemont St, San Francisco
- City NB. 800 Silverado St, La Jolla
- City NB. 1800 Century Park East, Los Angeles
- JP Morgan. 150 W. Foothill Blvd, Azusa
- City NB. 1100 FLlynn Rd, Camarillo
- JP Morgan. 23220 Hawthorne Blvd, Torrance
I will continue to update this list each week, so if you wish to be updated with the latest developments, make sure you click the follow button.
Do these branch closures affect you? Will you move to online banking? Will you switch to a credit union? Should branches stay open for people who prefer to conduct their banking in person? Do you have confidence in your local bank?
Please leave your thoughts in the comment section below and share this article on social media and with others so more people can join the discussion.
