California is one of the states that will be affected by the closure of several Bank of America branches during the coming months.
Last year, Bank of America and other financial institutions closed hundreds of locations. As the main reason for the measure, banks pointed to a change in the banking needs of their clients, since more transactions are currently performed outside physical branches.
In addition to the closures, banks are seeking to adapt to the boom in online banking, improving these services and not focusing too much on in-person procedures that have already been digitized.
Bank of America branches that will close in California
Although the pace of closures is lower than last year, the country has continued to experience them in 2024, even in California. To find out which locations will no longer provide service, customers can check with the Office of the Comptroller of the Currency (OCC).
Banking institutions must notify this body at least 90 days before a location’s closing date. Said notification is made through an Advance Branch Closing Notice. These notices are shared by the OCC in weekly bulletins, published on its official web portal.
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Taking into account that the closure announcement must be made at least 90 days in advance, we can estimate that the March bulletins include information on the Bank of America branches that could begin to close as of June.
According to an Advance Branch Closing Notice shared in March, the following location will be one of the soon-to-close Bank of America branches in California: 780 BLOSSOM HILL ROAD, LOS GATOS, CA.
On the other hand, in April and May the future closure of the following branches in California was reported, which could begin to close as of July and August: