BANK of America is closing more branches even as 15 were already scheduled to shutter this month.
The banking giant has about 3,900 retail financial centers and roughly 15,000 ATMs.
However, Bank of America is set to close three more locations.
All of the branches are located in Connecticut and are scheduled to close in 2024, according to a report from the Patch.
The first one in Cos Cob is scheduled to close on March 19.
The next two closures apply to branches in Hartford and Norwalk.
READ MORE ON BANKS
They will both shutter on August 20.
"As we keep investing in new financial centers, we are constantly adapting our financial center and ATM networks to fit our clients’ changing needs," Bank of America told Patch.
"The teammates working out of these financial centers will be transferred to others in our network as we remain committed to the community with about 2,6000 employees in Connecticut."
While those locations will close there, Bank of America still has plenty of branches in Connecticut.
Most read in Money
This includes four centers and ATMs in Norwalk and seven locations in Hartford.
Customers can use the banking giant's branch locator tool.
CLOSURES THIS MONTH
The news comes from Bank of America as it is set to close 15 branches this month.
The locations are in six states including Virginia, Maryland, Massachusetts, Michigan, and California, according to a report from AS USA.
The following addresses are impacted:
- 2925 Scott Boulevard, Santa Clara
- 200 Cochrane Plaza, Morgan Hill
- 1275 Fell Street, San Francisco
- 3491 McKee Road, San Jose
- 1400 Moraga Way, Moraga
- 2049 Century Park East, Los Angeles
- Twelve Oaks Mall, Novi
- 4000 Baldwin Road, Auburn Hills
- 1310 South Rochester Road, Rochester
- 108 Main Street, Medway
- 49 Main Street, Franklin
- 7170 Cradlerock Way, Columbia
- 1111 East Main Street, Richmond
- 20708 Bothell-Everett Highway
In 2022, Bank of America reportedly shut down more than 300 branches as consumers shifted their banking habits to online.
MORE BANKS TROUBLE
But Bank of America isn't the only one that's closing branches as demand changes.
Fifth Third will be saying goodbye to a location in the Greater Cincinnati area in Ohio.
The last day is scheduled for Thursday, October 26.
Additionally, the bank announced earlier this summer it would close another branch in Westwood on August 31.
Other locations in Evansville, Indiana, and Raleigh, North Carolina are also closing their doors.
On October 13, City National Bank is closing a location in San Francisco, California.
City is encouraging customers to bank at its nearby location at 150 California Street, which is only a couple of minutes away from the Fremont location.
Another closing locations is Chase.
Two of its branches in California will close at the end of the month – one in Azusa and the other in Torrance.
Those branches are scheduled to close on October 24 and October 26, respectively.
Also, Chase is set to close locations in December in Indiana, according to the Indianapolis Business Journal.
Associated Bank, which has 202 branches, is shutting down six locations in Wisconsin and Illinois.
The addresses affected are as follows:
- 300 North LaSalle Drive, Chicago, IL
- 2815 South Chicago Avenue, South Milwaukee, WI
- 5987 County Highway West, Manitowish Waters, WI
- 3847 South Howell Avenue, Milwaukee, WI
- 2001 South Webster Avenue in Allouez, WI
- 717 Main Street, Menomonie, WI
The shutdown dates are all set for November 17.
Plus, consumers should keep in mind that grocery stores are closing as well.
Read More on The US Sun
This includes Whole Foods, which is scheduled to shut down a location on Friday.
Plus, Walmart has shut down nearly two dozen stores this year.
ncG1vNJzZmivp6x7tbTEZqqupl6YvK57zKilnrFfboByf5VyZ2iakaO4brvFZpimnaKesKJ5wqWmrJ1dl7%2BiusKhnKxlk6S7r7HCraCcraRk