Category: Bank Branch Closures (Page 1 of 2)

Unexpected US Bank Branches Now Close in Florida

Unexpected US bank branches now close in Florida according the latest data from the Office of the Comptroller of the Currency.

US bank branch closures have accelerated between 2023 and 2024 as popular banks shift towards the digital landscape.

In some areas, communities fear the transition will result in bank deserts, leaving families in lower income neighborhoods to travel further out for a physical location.

These closures have been occurring nationwide and the state of Florida is no exception.

The Office of the Comptroller of Currency has now reported that more bank branches in Florida have shuttered.

Wells Fargo closed locations in North Miami and St.Augustine, while PNC Bank closed a branch in Wellington.

And while many people do their banking online, a large customer base still prefer to visit a branch to manage their finances, leading to conflict in the industry.

TheStreet states that, “If the trend of current bank branch closings continues, there may be no bank branches left in 10 years.”

Many bank giants have reported that the branch closures across the United States are also a means to consolidate and create higher quality locations.

The federal regulator found Bank of America, US Bank and Citizens led the charge with the national banks accounting for nearly half of all closures, per CBN.

More than 220 bank branches have closed in the United States within the first two months of 2024, according to official US Government data.

Which bank branches have closed in Florida this year?

Below is a list of recent U.S. bank branch closures in Florida:

  • Wells Fargo. 14731 Biscayne Blvd, North Miami
  • Bank United. 4801-4967 Cocony Creek Parkway, Coconut Creek
  • PNC Bank. 12000 West Forest Hill Blvd, Wellington
  • Wells Fargo. 4285 U.S. 1 Hwy South St, Augustine
  • Bank of America. 50 North Laura St, Jacksonville
  • Bank of America. 21060 Saint Andrew Blvd, Boca Raton
  • Bank of America. 19645 Biscayne Blvd, Aventura
  • First American. 2301 Maitland Center Parkway, Maitland
  • Fifth Third Bank. 10417 Gibsonton Dr, Riverview
  • TD Bank. 2675 West State Rd 434, Longwood
  • TD Bank. 3325 West Hillsboro Blvd Deerfield Beach
  • Bank of America. 459 Brandon Town Center, Brandon
  • Bank of America. 10300 Southside Blvd, Jacksonville
  • Wells Fargo. 444 Gamble St, Tallahassee
  • Wells Fargo. 3400 South Monroe St, Tallahassee
  • Wells Fargo. 7931 Gunn Highway, Tampa

For more U.S. Bank Branch Closure news and updates, opt-in for push notifications.

Also Read: A Massive US Bank is Now Closing Credit Cards

Other Economy News Today

Market News Today - Unexpected US Bank Branches Now Close in Florida.
Market News Today – Unexpected US Bank Branches Now Close in Florida.

A banker is now convicted for stealing money from customers while working at Bank of America over a 10-year period.

The personal banker was arrested after her years-long scam, resulting in nearly $300,000 being stolen, came to light.

Police in Seneca, South Carolina said they received a report in 2013 about missing money from an account with Bank of America.

The victim, who also reported the incident to the Customer Service department, told police he was missing around $30,000.

Investigators worked with Bank of America for several weeks after the crime was reported and learned that an employee who had been stealing money from several people in Oconee County.

The police said the victims would use the Bank of America location in Seneca as their primary bank and Bobbi Cortese was their personal banker.

Seneca Police investigators and the US Secret Service spent nearly a decade doing more interviews.

Meanwhile, Bank of America was given time to complete an internal investigation.

It was revealed that Cortese had stolen nearly $300,000 from four people while working at the bank.

Some of the money was in the victims’ bank accounts for life insurance payouts related to the deaths of their spouses.

Others had a lifetime of earnings that was supposed to be used for their retirement, said police.

Cortese would open accounts under the victims’ names without their knowledge or consent and would perform a “shell game.”

This is when a scammer uses the money from one victim to replace what she stole from another victim.

After investigating further, police said Cortese forged several documents and issued them to the victims to hide the theft.

She committed these acts for about four years while working at the Bank of America, said police.

Cortese was arrested in May 2023 and charged with four counts of breach of trust and two counts of forgery.

She was later fired by the bank, reports The-Sun.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Bank Now Freezes Money From Direct Deposits

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Market News Today - Unexpected US Bank Branches Now Close in Florida.
Market News Today – Unexpected US Bank Branches Now Close in Florida.

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11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



This State Is Now Facing Unexpected US Bank Layoffs

This state is now facing unexpected US bank layoffs as yet another institution issues a warning to its employees.

Barclays filed a notice with the Ohio Department of Job and Family Services advising they would be closing a call center in Cincinnati, leading to a total of 252 employees losing their jobs.

It’s important to note that the Worker Adjustment and Retraining Notification Act requires an employer with more than 100 full-time workers to provide a 60-day notice before laying off 50 or more people at a single site. 

The bank issued the following statement regarding the layoffs and closure of its facility:

“Barclays Services will be permanently closing its Cincinnati Call Center located at 1435 Vine St, Cincinnati, OH 45202, effective September 13, 2024, or within 14 days of that date.

As a result, most of the Barclays employees employed at this location will be permanently terminated from Barclays’ employment.”

None of the employees are represented by a union, and employees affected will not be entitled to transfer, reassignment, or bumping rights, the company said.

But Barclays isn’t the only business who has advised of upcoming job cuts in Ohio.

Below is a list of other businesses laying off in Ohio this year:

  • Associated Materials advised they were laying off 184 staff at a facility in Cuyahoga Falls on May 20.
  • Health Help has advised that 22 staff in Ohio will be laid off on June 28.
  • Optum is closing a facility in Toledo, which will result in 129 people losing their jobs.
  • Arlington Contact Lens Services will be laying off 151 staff in Columbus.
  • EVO Transportation advised they were laying off 82 staff at a location in Columbus in June.
  • Bon Appetit announced that 222 employees would be laid off due to losing a contract.
  • Oak View Group advised they were laying off 108 staff in Ohio.
  • Dollar General laid off 265 staff across several Ohio locations.
  • Sid Tool Company is closing a warehouse in Columbus, resulting in 130 employees losing their jobs.
  • Brightview Landscapes also filed a notice advising that 86 staff in New Albany were laid off on May 1.
  • Global food giant Nestle announced layoffs occurring at Nestlé USA’s Solon campus, which includes 30003 Bainbridge Rd, Solon, OH 44139, 5750 Harper Road, Solon, OH 44139, and 30000 Bainbridge Road, Solon, OH 44139. In total, 254 staff at the campus will lose their jobs in the coming months.
  • Amsive LLC advised the Ohio Department of Job and Family Services of job cuts to take place in May.

For more U.S. Bank Branch Closure news and updates, opt-in for push notifications.

Also Read: A Massive US Bank is Now Closing Credit Cards

Other Economy News Today

Market News Today - This State Is Now Facing Unexpected US Bank Layoffs.
Market News Today – This State Is Now Facing Unexpected US Bank Layoffs.

A banker is now convicted for stealing money from customers while working at Bank of America over a 10-year period.

The personal banker was arrested after her years-long scam, resulting in nearly $300,000 being stolen, came to light.

Police in Seneca, South Carolina said they received a report in 2013 about missing money from an account with Bank of America.

The victim, who also reported the incident to the Customer Service department, told police he was missing around $30,000.

Investigators worked with Bank of America for several weeks after the crime was reported and learned that an employee who had been stealing money from several people in Oconee County.

The police said the victims would use the Bank of America location in Seneca as their primary bank and Bobbi Cortese was their personal banker.

Seneca Police investigators and the US Secret Service spent nearly a decade doing more interviews.

Meanwhile, Bank of America was given time to complete an internal investigation.

It was revealed that Cortese had stolen nearly $300,000 from four people while working at the bank.

Some of the money was in the victims’ bank accounts for life insurance payouts related to the deaths of their spouses.

Others had a lifetime of earnings that was supposed to be used for their retirement, said police.

Cortese would open accounts under the victims’ names without their knowledge or consent and would perform a “shell game.”

This is when a scammer uses the money from one victim to replace what she stole from another victim.

After investigating further, police said Cortese forged several documents and issued them to the victims to hide the theft.

She committed these acts for about four years while working at the Bank of America, said police.

Cortese was arrested in May 2023 and charged with four counts of breach of trust and two counts of forgery.

She was later fired by the bank, reports The-Sun.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Bank Now Freezes Money From Direct Deposits

Market News Published Daily 📰

Market News Today - This State Is Now Facing Unexpected US Bank Layoffs.
Market News Today – This State Is Now Facing Unexpected US Bank Layoffs.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



Four Bank Branches Now Announce Unexpected Closures in Texas

Four bank branches now announce unexpected closures in Texas according to the Office of the Comptroller of the Currency.

This week alone, four more bank branches announced they were closing operations, adding to the growing number of shuttered bank buildings in the Texas alone.

Which bank branches are closing in Texas?

Below is a list of new bank branches closing in Texas according to the OCC.

  • Wells Fargo. 26500 KUYKENDAHL ROAD TOMBALL
  • Wells Fargo. 905 SOUTH FILMORE STREET AMARILLO
  • JP Morgan. 101 NORTH BEATON STREET CORSICANA
  • First NB. 1000 EAST 41ST STREET AUSTIN

The federal regulator found Bank of America, US Bank and Citizens led the charge with the national banks accounting for nearly half of all closures, per CBN.

More than 220 bank branches have closed in the United States within the first two months of 2024, according to official US Government data.

These banking groups closed 92 locations within the space of eight weeks with 222 sites closing down during the period overall.

If banks across the United States continue to shut down at their current rate, around 1,300 will close by the end of 2024.

Steven Reider, the founder and president of Bancography, cited the growing confidence among banks in being able to provide sufficient financial services online.

Which bank branches have closed in Texas this year so far?

Below is a list of bank branches that have already closed in Texas in 2024:

Bank of America

  • Austin, Texas – 3900 North Interstate 35
  • Houston, Texas – 6414 San Felipe Street
  • Plano, Texas – 1925 Dallas Parkway
  • Plano, Texas – 2015 Coit Road

First National Bank

  • Buda, Texas – 15300 S IH 35.
  • San Marcos. 1015 Highway 80

Capital One

  • Highland Village, 4000 Waller Creek
  • Plano. 2000 Preston Rd

PNC Bank

  • Broaddus, Texas – 411 State Highway 147
  • Houston, Texas – 2401 University Boulevard
  • Laredo, Texas – 600 Matamoros Street
  • Laredo, Texas – 700 San Bernardo Avenue
  • Dallas, 2209 W Northwest Hwy
  • Beaumont, 2635 Interstate 10
  • Laredo, 2211 Guadalupe St
  • Odessa, 1330 E 8th St

Wells Fargo

  • Austin, Texas – 9810 North Lamar Boulevard
  • College Station, Texas – 321 University Drive
  • Haltom City, 4900 E. Belknap St

For more U.S. Bank Branch Closure news and updates, opt-in for push notifications.

Also Read: A Massive US Bank is Now Closing Credit Cards

Other Economy News Today

Market News Today - Four Bank Branches Now Announce Unexpected Closures in Texas.
Market News Today – Four Bank Branches Now Announce Unexpected Closures in Texas.

A banker is now convicted for stealing money from customers while working at Bank of America over a 10-year period.

The personal banker was arrested after her years-long scam, resulting in nearly $300,000 being stolen, came to light.

Police in Seneca, South Carolina said they received a report in 2013 about missing money from an account with Bank of America.

The victim, who also reported the incident to the Customer Service department, told police he was missing around $30,000.

Investigators worked with Bank of America for several weeks after the crime was reported and learned that an employee who had been stealing money from several people in Oconee County.

The police said the victims would use the Bank of America location in Seneca as their primary bank and Bobbi Cortese was their personal banker.

Seneca Police investigators and the US Secret Service spent nearly a decade doing more interviews.

Meanwhile, Bank of America was given time to complete an internal investigation.

It was revealed that Cortese had stolen nearly $300,000 from four people while working at the bank.

Some of the money was in the victims’ bank accounts for life insurance payouts related to the deaths of their spouses.

Others had a lifetime of earnings that was supposed to be used for their retirement, said police.

Cortese would open accounts under the victims’ names without their knowledge or consent and would perform a “shell game.”

This is when a scammer uses the money from one victim to replace what she stole from another victim.

After investigating further, police said Cortese forged several documents and issued them to the victims to hide the theft.

She committed these acts for about four years while working at the Bank of America, said police.

Cortese was arrested in May 2023 and charged with four counts of breach of trust and two counts of forgery.

She was later fired by the bank, reports The-Sun.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Bank Now Freezes Money From Direct Deposits

Market News Published Daily 📰

Market News Today - Four Bank Branches Now Announce Unexpected Closures in Texas.
Market News Today – Four Bank Branches Now Announce Unexpected Closures in Texas.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



A Massive US Bank Now Closes More Branches in Ohio

A massive US bank now closes more branches in Ohio according to fresh data from the Office of the Comptroller of the Currency.

Last month, the ​Office of the Comptroller of Currency reported that Park National Bank closed a total of ten locations in Ohio in just one week.

They included:

  • 898 East St, Athens
  • 2810 Maysville Pike, Zanesville
  • 220 E. State St, Newcomerstown
  • 1274 Hills Road N, Pickerington
  • 205 North Seltzer St, Crestline
  • 2148-G Eagle Pass, Wooster
  • 800 North Main St, Celina
  • 8 West Maple St, North Lewisburg
  • 2035 Dayton Lakeview Rd, New Carlisle
  • 1176 West Main St, Tipp City

Now the OCC has released an updated roster of the following US Bank branches closing in Ohio this year:

  • 350 Euclid Ave, Cleveland
  • 38 North Broadway St, Farmerville
  • 64 North Main St, Cedarville
  • 123 North Reed Ave, Malvern
  • 85 West Main St, Shelby

Last year, Crains Cleveland reported that Ohio outpaced the national average for bank branch closures.

In Ohio, 4.8% of branches were closed between 2020 and 2021, while 4.3% shuttered between 2021 and 2022.

This compares with the national average of 3.2%.

The closure of bank branches has led industry experts to believe low income communities will be left with ‘bank deserts’.

“If the trend of current bank branch closings continues, there may be no bank branches left in 10 years,” reported TheStreet.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

Other Economy News Today

Market News Today - A Massive US Bank Now Closes More Branches in Ohio.
Market News Today – A Massive US Bank Now Closes More Branches in Ohio.

Three massive bank branches are now closing in California according to fresh data from the Office of the Comptroller of the Currency.

This week, two giant banks closed two branches in the golden state.

Bank of America closed its location on 3591 Mission Blvd, Fremont while JPMorgan shuttered its branch on 1030 W Alameda Ave, Burbank.

However, three additional major bank branches have now made the list of upcoming closures in California.

The Office of the Comptroller of the Currency details that the following bank branches will be closing in California soon:

  • Bank of America. 225 Canyon Crest Dr, Riverside
  • Bank of America. 8949 Clairemont Mesa Blvd, San Diego
  • Bank of America. 7404 Jackson Dr, San Diego

According to official US Government data, over 220 bank branches closed across the nation in January and February, and California was the state most impacted.

The federal regulator found Bank of America, US Bank and Citizens led the charge with the national banks accounting for nearly half of all closures, reports GBNews.

These banking groups closed 92 locations within the space of eight weeks with 222 sites closing down during the period overall.

If banks across the United States continue to shut down at their current rate, around 1,300 will close by the end of 2024.

Steven Reider, the founder and president of Bancography, cited the growing confidence among banks in being able to provide sufficient financial services online.

In January and February, Bank of America’s 41 branch closures having potentially saved the financial institution nearly $100million.

Redier explained: “’Banks are willing to close a branch that isn’t really overlapping any other branch on the gamble that customers are willing to drive a little bit further.

“I think Bank of America has leaned into that more than the other large banks have.”

The rate of bank branch closures has been exacerbated due to the Covid pandemic which resulted in people relying on online banking services due to staying at home.

For more news and updates like this, opt-in for push notifications.

Also Read: California’s New $20 Minimum Wage Now Creates Painful

Market News Published Daily 📰

Market News Today - A Massive US Bank Now Closes More Branches in Ohio.
Market News Today – A Massive US Bank Now Closes More Branches in Ohio.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



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