Bank of America Branches Are Now Closing Fast in California

Bank of America branches are now closing fast in California according to the latest data from the Office of the Comptroller of the Currency (OCC) and FDIC.

“According to OCC.gov, the federal Office of the Comptroller of the Currency, multiple Bank of America branches have been announced as permanently closing from October through year’s end.

The ongoing popularity of online banking has been reported as the primary cause of the current spate of state closures,” reports Joel Eisenberg.

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.

Below is a list of Bank of America branches now closing in California until the end of the year according to the latest data.

Related: Wells Fargo is Now Freezing Bank Accounts in New Scandal

Bank of America Branches Closing in California

Market News Today - Bank of America Branches Are Now Closing Fast in California
Market News Today – Bank of America Branches Are Now Closing Fast in California

Six Bank of America branches, per the OCC, are scheduled to permanent close in October:

  • 2925 Scott Blvd, Santa Clara
  • 200 Cochrane Plaza, Morgan Hill
  • 1275 Fell St, San Francisco
  • 3491 McKee Rd, San Jose
  • 1400 Moraga Way, Moraga
  • 2049 Century Park East, Los Angeles

The following five California-based Bank of America branches have been listed by the OCC to permanently shutter in November:

  • 800 Irving St, San Francisco
  • 2134 Montebello Town Center, Montebello
  • 39168 Winchester Rd, Murrieta
  • 1440 Truxton Ave, Bakersfield
  • 2708 Ming Ave, Bakersfield

In addition, three more Bank of America branches will close by the end of the year.

  • 2134 Montebello Town Center, Montebello
  • 800 Irving St, San Francisco
  • 39168 Winchester Rd, Murrieta

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

Other Bank News Today

Bank News Today - Franknez.com.
Bank News Today – Franknez.com.

Families are now getting their bank accounts frozen by a US bank according to a new report from a user in distress.

Eric Begley says his family of four are being affected by Credit Karma’s bank partner, MVB bank and are on the brink of being evicted.

Payroll has been frozen and the family is working with local state reps to look into the problem.

“Our family with 2 children are being evicted Monday so please everyone pray for our family that this gets resolved for us asap.

C.K. is purposely holding up these simple routing numbers & now my family’s lives are suffering.”

The family says they have a 4-year old and a 15-year old who have no idea what’s happening.

But Eric and his family aren’t the only ones being affected by fraudulent activity and frozen bank accounts.

They reached out to FrankNez after a report was published on Green Dot Bank denying customers access to money.

A Green Dot Bank user says their family was almost evicted after the bank froze their account on ‘fraudulent charges’ and cancelled their card.

“After I had fraudulent charges on my account they cancelled my card and were supposed to resend one. This happened August 5 2023. I finally got a working card September 14 2023.

Was almost evicted, with my 2 children, missed countless bill payments and multiple days of work because I had no gas for my car. I’m beyond disgusted and in the worst financial position in my life. No Christmas or birthdays for my kids this year. Again,” says one user.

Customers from bigger banks such as Wells Fargo are also beginning to experience something similar.

Also Read: Banks Are Now Closing Thousands of Accounts Daily

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Market News Today - Bank of America Branches Are Now Closing Fast in California
Market News Today – Bank of America Branches Are Now Closing Fast in California

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