List of Massive Bank Closures in Florida Now Grows

The list of massive bank closures in Florida now grows as more branches shutter according to the Office of the Comptroller of the Currency.

Five new bank branches were announced this week to close down after seven were announced just last week alone.

The following bank branches are now scheduled to close in Florida:

  • PNC Bank. 701 Village Blvd, West Palm Beach
  • Bank of America. 13700 Jog Rd, West Delray Beach
  • Bank of America. 6261 PGA Blvd, Palm Beach Garden
  • Wells Fargo. 9860 Alternate AIA, Palm Beach Gardens
  • Bank United. 4801-4967 Coconut Creek Parkway, Coconut Creek

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.

Below is the full list of bank branches closing in Florida:

  • 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
  • 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

Also Read: A Massive Bank Now Closes Several Branches in Florida

Other Banking News Today

Market News Today - List of Massive Bank Closures in Florida Now Grows.
Market News Today – List of Massive Bank Closures in Florida Now Grows.

Bank of America now closes a seven figure account without warning according to a distressed Reddit user who shared their experience.

Banks often reserve the right to close clients’ accounts abruptly with little explanation, reports The-Sun.

“This was the case with one Reddit user, whose seven-figure account was recently closed by Bank of America.”

The Redditor sought advice online and expressed surprise at the closure.

“I’m so incredibly lost,” they posted on the online forum.

The user, whose post garnered over 50 responses, shared that it all began when they called the bank.

While asking about checks they had deposited a month ago, he said the phone call ended with an abrupt notice.

“I was told at the very end of the call, ‘Are you aware that BofA is closing your account as a business decision?’” they said.

The client was surprised considering their status: They were a diamond tier preferred rewards member.

Diamond tier clients, who must have maintained an average daily balance of over $1 million to apply, receive unique benefits.

However, the status does not make accounts immune to cancellation.

Eventually, the client got through to a supervisor.

“They gave me no reasoning stating it is just a business decision,” the client said. “I’m totally shocked.”

Some users explained that banks do not need to explain.

“Your account agreement probably describes that your bank can close your account at any time for any reason,” one commenter said. “It does come as a surprise to most people when this happens.”

A variety of transactions can trigger a bank to take action against a client.

Often, they use automated systems to detect unusual account behavior.

If they suspect an account is a liability, they retain the right to cancel it, reports The-Sun.

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

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Market News Today - List of Massive Bank Closures in Florida Now Grows.
Market News Today – List of Massive Bank Closures in Florida Now Grows.

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