Tag: Bank of America (Page 1 of 10)

8 New Bank of America Branches Will Now Close in California

8 new Bank of America branches are now closing 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.

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.

The-Sun says Bank of America customers in California will have fewer options as eight branches are shutting down next month.

A total of 20 bank branches, including Wells Fargo, Bank of America, JPMorgan, and Citibank are also closing in California in October.

While the exact closure date has not been confirmed, one branch in Washington has closed down on September 12.

The following California locations set to close next month are:

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

Aron Levine, president of Preferred Banking for the company, told the San Francisco Business Times that branches play a critical role in its business.

“Our own research tells us that students say, ‘I may never go to a financial center, but I will choose a bank knowing they have one near,'” Mr. Levine said.

Related: Bank of America is Freezing Accounts in New Scandal

Other Bank News Today

Market News Today - 8 New Bank of America Branches Will Now Close in California.
Market News Today – 8 New Bank of America Branches Will Now Close in California.

More US banks are now freezing and closing accounts according to several new reports from Chase customers, Credit Karma (MVB Bank), and others.

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

His 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.”

Keith Sowder says his family is experiencing the same problems with Chase, Credit Karma’s bank, and Cash App.

“This is happening to my Wife and I even as we speak…with THREE different Financial institutions. Cash app, Chase and Credit Karma.

Cash app froze her acct. in Jan. 2022, claiming there had been a security breech. They sent her a total of EIGHT cards…none of which worked they “claimed” because she didn’t receive and attempt to activate them in time.

Her money shows up as still there…she just can’t access it. Chase claims she had several fraudulent purchases she disputed, close her acct. and was going to send her her $1,700 in that account…that was in JUNE!

Still haven’t seen it ! Finally, she opened an account with Credit Karma…same deal, they froze that account for NO reason!

If anyone has any ideas on who we need to contact to get her access to her money…and to make these BASTARDS PAY….please let me know ! We have contacted Attorneys and State Reps…with absolutely NOTHING being done! Thanks!”

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

Market News Published Daily 📰

Market News Today - 8 New Bank of America Branches Will Now Close in California.
Market News Today – 8 New Bank of America Branches Will Now Close in California.

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A New Wave of Bank Closures is Hitting California

Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

A new wave of bank closures is hitting California as early as this month with many more scheduled through November now.

In August, I reported a number of bank closures hitting California up to October.

However, today’s article will highlight additional banks closing in California in September, October, and November.

This trend has only grown more in recent months and years as online banking surges in popularity.

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.

Here is the latest report on banks closing in California this year.

Related: A US Bank is Now Freezing Some Retiree Accounts

California Bank Branches closed in August

Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

The following list of bank branches have now closed in California during the month of August.

  • Wells Fargo. 625 South Lone Hill Ave, Glendora
  • Wells Fargo. 1735 Ramsey St, Banning
  • Wells Fargo. 1596 Moorpark Rd, Thousand Oaks
  • Bank of California. 530 Palisades Dr, Pacific Palisades
  • JP Morgan. 3250 Pico Blvd, Santa Monica
  • JP Morgan. 10838 Long Beach Blvd Lynnwood
  • Bank of America. 2701 Harbor Blvd, Costa Mesa
  • Wells Fargo. 16055 Foothill Blvd, Fontana
  • Wells Fargo. 3211-1 Business Park Drive, Vista
  • JP Morgan. 5180 Foothills Blvd, Roseville
  • JP Morgan. 5142 Stevens Creek Blvd, San Jose
  • Zions. 525 University Ave, Palo Alto
  • Zions. 1900 Avenue of the Stars, Los Angeles
  • Bank of America. 336 South Twin Oaks Valley Rd, San Marcos
  • Flagstar Bank. 201 Mission Street, San Francisco
  • Bank of America. 5800 South Eastern Ave, Los Angeles

Also Read: Banks Are Now Closing Thousands of Accounts Daily

California Bank Branches closing in September

Below is a list of banks closing in California for the month of September.

  • Bank of America. 336 South Twin Oaks Valley Rd, San Marcos
  • Flagstar Bank. 201 Mission Street, San Francisco
  • Bank of America. 5800 South Eastern Ave, Los Angeles
  • Wells Fargo. 3550 Round Barn Blvd, Santa Rosa
  • Citibank. 10460 MT Gleason Ave, Tujunga
  • Citibank. 41969 Big Bear Blvd, Big Bear Lake
  • Citibank. 1995 41st Ave, Capitola
  • JP Morgan. 2121 Olympic Parkway, Chula Vista
  • Wells Fargo. 301 S. Pacific Coast Hwy, Redondo Beach
  • Bank of America. 1818 South Euclid St, Anaheim

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

California Bank Branches closing in October

Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

Below is a list of banks closing in California for the month of October.

  • Wells Fargo. 1565 East Highland, San Bernardino
  • JP Morgan. 1 Hacker Way, Menlo Park
  • Wells Fargo. 1071 El Camino Real, Redwood City
  • Wells Fargo. 42420 Washington Ave, Bermuda Dunes
  • Bank of America. 2925 Scott Blvrd, Santa Clara
  • Bank of America. 200 Cochrane Plaza, Morgan Hill
  • Bank of America. 1275 Fell St, San Francisco
  • Bank of America. 3491 McKee Rd, San Jose
  • Bank of America. 1400 Moraga Way, Moraga
  • Bank of America. 2049 Century Park East, Los Angeles
  • Wells Fargo. 303 N. El Dorado St, Stockton
  • City NB. 50 Freemont St, San Francisco
  • City NB. 800 Silverado St, La Jolla
  • City NB. 1800 Century Park East, Los Angeles
  • JP Morgan. 150 W. Foothill Blvd, Azusa
  • City NB. 1100 FLlynn Rd, Camarillo
  • JP Morgan. 23220 Hawthorne Blvd, Torrance
  • Wells Fargo. 116 Sunset Dr, San Ramon
  • Wells Fargo. 103 Eeast Stetson Ave, Hemet
  • Wells Fargo. 118 E. Carillo St, Santa Barbara

Also Read: Chase Customers Now Unable to Access Money Through ATMs

California Bank Branches closing in November

The following banks are closing in California for the month of November.

  • Wells Fargo. 8405 North Fresno St, Suite 300, Fresno
  • Bank of America. 2708 Ming Ave, Bakersfield
  • Bank of America. 1440 Truxton Ave, Bakersfield
  • 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 St, Garden Gr
  • US Bank. 4947 Third St, San Francisco
  • Zion Bank. 700 West Camino El Real, Mountain View
  • Bank of America. 2134 Montebello Town Center, Montebello
  • Bank of America. 800 Irving St, San Francisco
  • Bank of America. 39168 Winchester Rd, Murrieta

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

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Market News Today - A New Wave of Bank Closures is Hitting California.
Market News Today – A New Wave of Bank Closures is Hitting California.

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1,144 Banks Have Now Closed with More Scheduled

Market News Daily - 1,144 Banks Have Now Closed with More Scheduled.
Market News Daily – 1,144 Banks Have Now Closed with More Scheduled.

1,144 banks have now closed this year with more scheduled leading up to 2024 according to the latest data by the S&P Global Market Intelligence.

“While California had the most closures in absolute terms, New Jersey suffered the greatest losses per capita with a total of 83.

It was trailed by Washington D.C. and Connecticut. Vermont was the only state to have not lost a single bank branch,” reports Daily Mail.

“Data from S&P Global Market Intelligence shows a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states – and firms are pulling out of some areas faster than others.”

However, more than 10.6K bank branches have closed down since 2019, with majority being Wells Fargo and Chase, which affected several small regional banks.

“Although the onslaught on brick-and-mortar branches is ongoing, it may be slowing. 

In 2022 there were a total of 3,066 – nearly thrice the number to have been culled in seven months this year. 

Banks had a total of 78,121 active branches across the country as of the end of May,” according to S&P data.

How many banks have closed down this year?
How many banks have closed down this year? Source: S&P Global Market Intelligence. Franknez.com.

Which banks have closed this year? These are the banks with the most closures between January 1 – July 31.

  1. PNC – 201 branches closed this year
  2. U.S. Bank – 185 branches closed this year
  3. Wells Fargo – 160 banks closed this year
  4. JPMorgan Chase – 54 banks closed this year
  5. Bank of America – 49 bank branches closed this year
  6. Santander – 44 branches closed this year
  7. Citizens Bank – 38 branches closed this year
  8. Huntington Bank – 32 banks closed this year
  9. M&T Bank – 21 bank branches closed this year
  10. Fifth Third Bank – 19 banks closed this year

While many banks may be closing this year, banks such as Wells Fargo and Bank of America have stated that certain locations will be combining and as well as opening brand new branches.

Also Read: These Big Banks Are Now Closing in New York This Year

Banking News Today

Market News Daily - 1,144 Banks Have Now Closed with More Scheduled.
Market News Daily – 1,144 Banks Have Now Closed with More Scheduled.

A US bank is now prohibiting customers from withdrawing money according to several more users reporting to FrankNez.

Last week we reported that Green Dot Bank had been freezing some retiree accounts when a customer reported a painful experience that many others are facing today.

Beth Williams, 78, said she has been a WMC cardholder for 10 years now and has been unable to gain access to her WMC/Green account for 20 days since August 4.

“Since August 4th I have been unable to access my WMC debit card account. On August 3rd I noticed 2 unauthorized charges & immediately contacted WMC/Green. My account had to be frozen per CS/ RESOLUTION dept.

I have been calling and spending hours on hold to reach CS trying to find out when my expedited replacement card is arriving! CS has given to me 4 extended dates when I’ll get my replacement card.

The flimsy CS explanations: 1st-upgrade system & 2nd having technical difficulties! I was told today by CS that the card is to arrive on or before August 27th, and by standard mailing. I am panicking and afraid that I’m being lied to,” she reported to FrankNez.

Gloria Templeton says she has been unable to access her account for four weeks!

“I use a Walmart money card and can’t get my money for going on 4 weeks now. I’m getting the run around it’s bullshit.”

Tom Lowry says he’s having a similar experience and has not been able to get a hold of proper customer service.

“I’ve had the same experience. I have not been able to withdraw cash from my Green Dot account for a week now. I’ve also been unable to talk to a human at Green Dot bank while trying to get any answers as to why.”

The bank, which has 33 million customers, initially said account balances and transactions were impacted by an issue with a payment processing partner.

Now, the bank says its systems are fully up and running – however, many customers continue to experience being unable to withdraw money from the US bank.

Also Read: TD Bank is Now Under Federal Investigation

Banks are SHUTTING DOWN. Banking news and updates.

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Market News Today - 1,144 Banks Have Now Closed with More Scheduled.
Market News Today – 1,144 Banks Have Now Closed with More Scheduled.

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These Banks Are Now Closing in California This Year

Market News Daily - These Banks Are Now Closing in California This Year.
Market News Daily – These Banks Are Now Closing in California This Year.

Wondering which banks are closing in California? This trend has only grown more in recent months and years as online banking surges in popularity.

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.

In this article, I’m going to break down the name of the bank as well as the locations of banks closing in California each month.

Let’s get started!

California Bank Branches closed in June

Market News Daily - These Banks Are Now Closing in California This Year.
Market News Daily – These Banks Are Now Closing in California This Year.

Below is a list of banks that closed down this year in California for the month of June.

  • Wells Fargo. 101 West Fourth St, Santa Ana
  • Wells Fargo. 5007 Foothills, Blvd, Roseville
  • Wells Fargo. 17405 Crenshaw Blvd, Suite A, Torrance
  • Wells Fargo. 790 West Shaw Ave, Fresno
  • JP Morgan. 350 Esplanade Dr, Oxnard
  • Bank of America. 3250 Mission St, San Francisco
  • JP Morgan. 11766 Wilshire Blvd, Ste 100, Los Angeles
  • JP Morgan. 102 Robles Way, Vallejo
  • JP Morgan. 980 N Western Ave, Ste A, San Pedro
  • PNC Bank. 200 N Church St, Lodi
  • Wells Fargo. 30745 Pacific Coast Hwy, Malibu
  • Wells Fargo. 110 Harding Blvd, Roseville
  • Wells Fargo. 1111 Washington St, Santa Clara
  • Wells Fargo. 18529 Yorba Linda Blvd, Yorba Linda
  • Wells Fargo. 3250 Glendale Blvd, Los Angeles

Also Read: A US Bank is Now Denying Access to Funds and Freezing Accounts in New Scandal

California Bank Branches closing in July

Below is a list of banks that have closed in California this year for the month of July.

  • JP Morgan. 3492 Mt Diablo Blvd, Lafayette
  • Bank of America. 3045 Wilshire Blvd, Los Angeles
  • Wells Fargo. 715 Bridgeway, Sausalito
  • Wells Fargo. 10211 Avalon Blvd, Los Angeles
  • Wells Fargo. 535 N. Brand Blvd, Glendale
  • Wells Fargo. 800 E Alisal St, Salinas
  • Bank of America. 3650 Grand Ave, Chino Hills
  • JP Morgan. 18601 Devonshire St, Northridge

California Bank Branches closing in August

Which banks are closing in California this August? Below is a list of banks scheduled to close this month.

  • Wells Fargo. 625 South Lone Hill Ave, Glendora
  • Wells Fargo. 1735 Ramsey St, Banning
  • Wells Fargo. 1596 Moorpark Rd, Thousand Oaks
  • Bank of California. 530 Palisades Dr, Pacific Palisades
  • JP Morgan. 3250 Pico Blvd, Santa Monica
  • JP Morgan. 10838 Long Beach Blvd Lynnwood
  • Bank of America. 2701 Harbor Blvd, Costa Mesa
  • Wells Fargo. 16055 Foothill Blvd, Fontana
  • Wells Fargo. 3211-1 Business Park Drive, Vista
  • JP Morgan. 5180 Foothills Blvd, Roseville
  • JP Morgan. 5142 Stevens Creek Blvd, San Jose
  • Zions. 525 University Ave, Palo Alto
  • Zions. 1900 Avenue of the Stars, Los Angeles
  • Bank of America. 336 South Twin Oaks Valley Rd, San Marcos
  • Flagstar Bank. 201 Mission Street, San Francisco
  • Bank of America. 5800 South Eastern Ave, Los Angeles

Also Read: Banks Are Now Closing Thousands of Accounts Daily

California Bank Branches closing in September

Which banks are closing in California for the month of September? Below is a list of these banks and branch locations.

  • Bank of America. 336 South Twin Oaks Valley Rd, San Marcos
  • Flagstar Bank. 201 Mission Street, San Francisco
  • Bank of America. 5800 South Eastern Ave, Los Angeles
  • Wells Fargo. 3550 Round Barn Blvd, Santa Rosa
  • Citibank. 10460 MT Gleason Ave, Tujunga
  • Citibank. 41969 Big Bear Blvd, Big Bear Lake
  • Citibank. 1995 41st Ave, Capitola
  • JP Morgan. 2121 Olympic Parkway, Chula Vista
  • Wells Fargo. 301 S. Pacific Coast Hwy, Redondo Beach
  • Bank of America. 1818 South Euclid St, Anaheim

Credit to Ash Jurberg for curating this list.

These Bank of America Branches Will Close Between August and October in California

Market News Daily - These Banks Are Now Closing in California This Year.
Market News Daily – These Banks Are Now Closing in California This Year.

The following Bank of America branches will also close between August and October in California.

  • 2701 Harbor Blvd, Costa Mesa
  • 336 South Twin Oaks Valley Rd, San Marcos
  • 5800 South Eastern Ave, Los Angeles
  • 336 South Twin Oaks Valley Rd, San Marcos
  • 5800 South Eastern Ave, Los Angeles
  • 1818 South Euclid St, Anaheim
  • 200 Cochrane Plaza, Morgan Hill
  • 2925 Scott Blvd, Santa Clara
  • 3491 McKee Rd, San Jose
  • 1400 Moraga Way, Moraga
  • 2049 Century Park East, Los Angeles
  • 1275 Fell St, San Francisco

Also Read: New Study Shows Nearly 190 Banks on Verge of Collapsing

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Market News Today - These Banks Are Now Closing in California This Year.
Market News Today – These Banks Are Now Closing in California This Year.

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