Massive Bank Giants Now Continue to Close in California

Massive bank giants now continue to close branches in California according to the latest data from the Office of the Comptroller of the Currency (OCC).

Banks across the United States have been following a growing trend of branch closures, but none have been hit like California.

Not only is California ranking as the #1 state with the most layoffs, but the state is also ranking #1 with the most bank branch closures.

So far, a total of 282 bank branches have closed in the state.

This week, four new locations have been added to the roster of banks closing in California:

  • Wells Fargo. 101 N. Milpas St, Santa Barbara
  • Wells Fargo. 13255 Black Mountain Rd, San Diego
  • Bank of America. 2516 East Chapman Ave, Fullerton
  • Bank of America. 1401 S. Harbor Blvd, Fullerton

Below is a list of bank giants that have either recently closed or are scheduled to shutter in California soon:

  • US Bank. 1309 North Chester Ave, Bakersfield
  • Wells Fargo. 5377 West Centinela Ave, Los Angeles
  • Wells Fargo. 535 South Myrtle Ave, Monrovia
  • Wells Fargo. 1705 N First St, San Jose
  • Wells Fargo. 3550 Wilshire Blvd, Los Angeles
  • Bank of America. 90 Pier Ave, Hermosa Beach
  • Bank of America.300 Lakeside Dr, Oakland
  • JP Morgan. 25882 MC Bbean Pkwy, Valencia
  • Bank of America. 29687 The Old Rd, Castaic
  • JP Morgan. 140 West Anaheim St, Wilmington
  • Wells Fargo. 303 2nd St, San Francisco
  • Wells Fargo. Hores Parkway, Redwood City
  • Wells Fargo. 305 W. Sepulveda Blvd, Torrance
  • Wells Fargo. 7950 West Sunset Blvd, Los Angeles
  • BMO Bank. 6055 East Washington Blvd, City of Commerce
  • 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 Sy, Garden Grove
  • Sterling Bank. 1900 Fillmore St, San Francisco
  • Bank of America. 40 West Foothill Blvd, Upland

The rise of online banking is the number one reason why bank branches continue to shutter across the United States.

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

Other Banking News Today

Market News Today - Massive Bank Giants Now Continue to Close in California.
Market News Today – Massive Bank Giants Now Continue to Close in California.

A customer now reports missing $10K from her Wells Fargo account after two rounds of $5,000 were mysteriously withdrawn.

Rowena Pagtakhan, from American Canyon, California, around 40 miles north of San Francisco, claimed this situation caused her a great deal of stress. 

Pagtakhan said she contacted the bank to inquire about the $10,000 that had left her account but she initially struggled to sort out the situation, according to ABC affiliate KABC-TV.

“I was losing sleep because I was at the end of the rope,” she said.

Pagtakhan said she followed each step Wells Fargo gave her and eventually discovered what had happened. 

“So I was transferred from one department to another. Many phone calls. 

“I had to eventually go to the branch to get it straightened out. 

“Then at the branch, I learned that somebody got a hold of the check that I deposited and it clearly was made payable to me,” she said.

Pagtakhan claimed that the check, which was mistakenly handed to somebody else, was then cashed and that resulted in $10,000 leaving her account.

The issue was later resolved with Wells Fargo and Pagtakhan got her money back, but she claimed this happened after she reached out to KABC-TV.

“All of a sudden they were actively contacting me, then all of a sudden they made the correction, as they should have.”

Wells Frago told KABC-TV that the situation was a fraud case.

In a statement, they said: “We sincerely apologize for the inconvenience and worry they encountered during the time it took to solve this fraud event.”

Wells Frago added that they could not discuss specific aspects of this case but added that it was unusual.

Pagtakhan added that she felt relieved that the situation was now fixed.

“Now I can sleep better,” she said.

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

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Market News Today - Massive Bank Giants Now Continue to Close in California.
Market News Today – Massive Bank Giants Now Continue to Close in California.

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