Florida Is Now Facing Unexpected Bank Closures

Florida is now facing unexpected bank closures according to the latest reports from the Office of the Comptroller of the Currency.

A total of seven new bank branches have been added to the list of upcoming closures in Florida this week:

  • Wells Fargo. 2090 NW 107th Ave, Miami
  • Wells Fargo. 1090 Highway A1A, Satellite Beach
  • Bank of America. 4300 North Atlantic Ave, Cocoa Beach
  • Bank of America. 1900 South Ridgewood Ave, Edgewater
  • Bank of America. 4395 S. Suncoast Blvd, Homosassa
  • Bank of America. 15141 SW 42nd St, Miami-Dade
  • JP Morgan. 1319 State Rd 7, North Lauderdale

Between 2017 and 2021, nine percent of all branches — almost 7,000 locations— shut their doors.

Florida had the fourth most closures of any state as banks continue to push customers to digital banking.

In July, Wells Fargo laid off over 100 employees in the consumer and small business banking division in Orlando.

Below is the latest list of bank branches closing in Florida soon:

  • Bank of America. 8819 Hypoluxo Rd, Lake Worth
  • Valley NB. 19495 Biscayne Blvd, Suite 500, Aventura
  • Wells Fargo. 1600 Ridgewood Ave, Holly Hill
  • Wells Fargo. 5849 Okeechobee Blvd, West Palm Beach
  • Wells Fargo. 5355 Town Center Rd, Boca Raton
  • Bank United. 1121 North Orange Ave, Winter Park
  • US Bank. 515 North Flagler Dr, Suite 2100, Palm Beach
  • Wells Fargo. 12233 North Florida, Tampa
  • Wells Fargo. 219 Indian River, Ave, Titusville
  • Wells Fargo. 2307 Del Prado Blvd, Cape Coral
  • Wells Fargo. 3131 West Hallandale Beach Blvd, Hallandale
  • Wells Fargo. 10191 Cleary Blvd, Plantation
  • Wells Fargo. 113 South Tennessee Ave, Lakeland
  • Wells Fargo. 4901 Tamiami Trail, South Naples
  • Trustco Bank. 1084 Lee Rd, Orlando
  • Bank of America. 126 East Olympia Ave, Punta Gorda
  • Wells Fargo. 199 North Ocean Blvd, Pompano (closed this week)

Also Read: Florida Now Has Massive Departures As Hundreds of Thousands Leave

Other Banking News Today

Market News Today - Florida Is Now Facing Unexpected Bank Closures.
Market News Today – Florida Is Now Facing Unexpected Bank Closures.

A massive US bank is now closing accounts without warning according to several customer reports.

A Chase customer is currently asking for help as the bank abruptly closed four accounts without notice.

The person described the situation on Reddit where several other customers said they had been through the same exact experience.

On the Chase Bank subreddit, the customer wrote that they had four accounts, all of which were closed “without any notice at all.”

“When I called they refused to give me any information at all. They locked all my accounts and I can’t even transfer my money or withdraw it from an ATM.

“I have no idea what to do. I have so many bills about to be due,” they said.

In the comments, they further explained that they hadn’t recently made any big purchases or tried to cash a check, and in the past, they had only overdrafted the account once.

Another user replied that the same thing had happened to them during the pandemic.

“Worst experience I’ve had with any banks. Ruined my credit, no money to buy food, and almost went homeless,” they wrote.

Two weeks later they were sent a check for the remaining balance.

A third person shared a similar experience and urged the original poster to “don’t bother fighting the customer service or staff” on the decision as they won’t give out extra information.

Two weeks later they were sent a check for the remaining balance.

A third person shared a similar experience and urged the original poster to “don’t bother fighting the customer service or staff” on the decision as they won’t give out extra information.

Someone else added: “They also closed my account and they told me they have the right to close my account, just like I have the right to close my own account.”

The original poster didn’t share an update regarding whether or not they were able to resolve the issue.

Also Read: A US Bank is Now Denying Customers Access to Money

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Market News Today - Florida Is Now Facing Unexpected Bank Closures.
Market News Today – Florida Is Now Facing Unexpected Bank Closures.

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