A massive bank is now closing multiple branches nationwide going into the new year already as the sector shifts to online banking.
Bank of America is planning to close another 20 branches according to the U.S. Office of the Comptroller of the Currency (OCC).
“OCC regulations require banks to provide closure notice at least 90 days in advance—and because Bank of America’s latest filings are dated Oct. 3, the earliest these branches could close is early next year,” reports BL.
California will be hit the hardest in terms of Bank of America branch closures.
Per the filing, the bank chain is planning to close eight branches.
Three branches are closing in Alameda County, namely locations in San Leandro, Hayward, and Pleasanton.
The remaining five California locations are shuttering in Marysville, Petaluma, Ridgecrest, Reseda, and Reedley.
Bank of America will also be closing branches in New York — including locations in West Hempstead, Port Washington, and Baldwin.
New Jersey is losing one location in Spotswood, while Connecticut will also see closures in Cos Cob and Norwalk, both of which are in Fairfield County, as well as a closure in the state capital, Hartford.
Bank of America is closing two branches in Pennsylvania, including an in-store location at a Shop Rite in Philadelphia, and another branch in Morrisville.
The remaining three closures are spread out, with branches closing in St. Pete Beach, Florida; Austin, Texas; and Redmond, Oregon.
A full list of closures and branch addresses can be found in the OCC bulletin.
Other Banking News Today
A massive bank is now keeping customer’s direct deposits on hold according to several reports on Downdetector.
Chase customers are reporting the bank holding their direct deposits up to a week!
The bank has recently had an array of banking issues including a massive ATM outage that prevented customers from pulling out their money during labor day weekend.
“I was supposed to get paid Nov 3 , 2023 and it’s now Nov 7 , 2023 still no DD from Chase. I will be closing my account IMMEDIATELY when they release my DD !!! This is RIDICULOUS !!!!” reported Dyllon J.
Another Chase user has gone six days now without having access to her direct deposit.
“Just got off the phone with Chase they are telling people the issue is cleared up but I have yet to receive my direct deposit it’s been 6 days and I am very frustrated I want to figure out what can be done about this,” reports Shadaya.
Other Chase users have been left in the negative unable to use their cards for essential expenses.
“Day 5 with no DD. Chase told me yesterday they won’t charge me any fees. And also told me I maybe can still use my card even though I’m negative. That was a lie, since I couldn’t get f’in gas this morning because I didn’t have enough money.”
The events of Chase customers missing direct deposits is an ongoing and developing story.
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