A New Wave of Bank Closures is Hitting California

Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

A new wave of bank closures is hitting California as early as this month with many more scheduled through November now.

In August, I reported a number of bank closures hitting California up to October.

However, today’s article will highlight additional banks closing in California in September, October, and November.

This trend has only grown more in recent months and years as online banking surges in popularity.

Between Citibank, Wells Fargo, JPMorgan, and Bank of America, many banks have begun to close nationwide, but especially in California.

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.

Here is the latest report on banks closing in California this year.

Related: A US Bank is Now Freezing Some Retiree Accounts

California Bank Branches closed in August

Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

The following list of bank branches have now closed in California during the month of 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

Also Read: Banks Are Now Closing Thousands of Accounts Daily

California Bank Branches closing in September

Below is a list of banks closing in California for the month of 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

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

California Bank Branches closing in October

Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

Below is a list of banks closing in California for the month of 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
  • Wells Fargo. 116 Sunset Dr, San Ramon
  • Wells Fargo. 103 Eeast Stetson Ave, Hemet
  • Wells Fargo. 118 E. Carillo St, Santa Barbara

Also Read: Chase Customers Now Unable to Access Money Through ATMs

California Bank Branches closing in November

The following banks are closing in California for the month of November.

  • Wells Fargo. 8405 North Fresno St, Suite 300, Fresno
  • Bank of America. 2708 Ming Ave, Bakersfield
  • Bank of America. 1440 Truxton Ave, Bakersfield
  • JP Morgan. 14111 Riverside Dr, Sherman Oaks
  • JP Morgan. 707 Broadway Ste 100, San Diego
  • JP Morgan. 1720 Fulton St, San Francisco
  • JP Morgan. 12555 Valley View St, Garden Gr
  • US Bank. 4947 Third St, San Francisco
  • Zion Bank. 700 West Camino El Real, Mountain View
  • Bank of America. 2134 Montebello Town Center, Montebello
  • Bank of America. 800 Irving St, San Francisco
  • Bank of America. 39168 Winchester Rd, Murrieta

Also Read: Bank of America is Freezing Accounts in New Scandal

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Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

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4 Comments

  1. Donnajean Sherrard

    There is a Chase Morgan here in Oroville, CA and also a Bank of America, both used by friends and family. Some with a decent amount in one.. How does Oroville, Butte County look for these banks?

  2. Jill

    What am I supposed to do if my bank closes? Where will I be able to get money? Who will pay my bills?

    • Frank Nez

      You will still have access to your online banking, as well as other branch locations.

  3. Frank Nez

    Leave your thoughts below.

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