These massive banks are now closing in Colorado according to fresh data from the Office of the Comptroller of the Currency (OCC).
This week alone, three big bank branches have closed in Colorado with two more scheduled to close soon.
- JP Morgan. 2040 South University Blvd, Denver (closed this week)
- JP Morgan. 11555 Meridian Market View, Falcon (closed this week)
- JP Morgan. 9611 W 58th Ave, Arvada (closed this week)
- US Bank. 1018 Constitution Rd, Pueblo (listed to close soon)
- First NB Bank of Omaha. 1520 East Mulberry St, Fort Collins (listed to close soon)
Below is a list of the bank branches that have recently closed in Colorado over the last few months:
- Wells Fargo. 34237 Highway 6, Edwards
- UMB Bank. 1400 Wewatta Street, Suite 103, Denver
- US Bank. 34353 Highway 6, Edwards
- JP Morgan. 17207 S Golden Rd, Golden
- Bank of America. 5077 E Colfax Ave, Aurora
- PNC Bank. 7375 Ralston Rd, Arvada
- First National Bank. 515 McCaslin Blvd, Louisville
- Key Bank. 3600 South Yosemite St, Denver
- Huntington NB. 8085 South Chester St, Centennial
- Wells Fargo. 359 Main St, Grand Junction.
Banks continue to close across the United States.
“Between 2017 and 2021, nine percent of all branches — almost 7,000 locations— shut their doors,” reports Ash Jurberg.
“The increase in bank closures means many people must travel further to get to their nearest bank, primarily impacting vulnerable and elderly customers.”
CNBC reports this leads to “banking deserts when communities are without access to a bank or credit union within 10 miles.
Several studies have shown these communities are more likely to use non-traditional and high-fee lending options such as payday loans and check-cashing services, which increases financial inequities and ends up widening the wealth gap.”
Other Banking News Today
Bank of America now closes a customer account without warning or explanation, creating massive turmoil for the user.
The giant has been scrutinized for freezing customer accounts for many months now.
Christina Blanton says she has been a loyal customer at Bank of America for 17 years now but said the company couldn’t give a reason behind the decision.
CBS affiliate WBBM says Blanton couldn’t access money from Bank of America for her thyroid cancer surgery.
Blanton, who has since switched banks, said her account was locked just before she was due to have surgery.
She told WBBM: “I was upset and frustrated. I wanted to cry.”
Blanton said she initially thought she had put her password in wrong when she couldn’t access her online bank account.
She realized that her account had been locked.
The mom struggled to get an answer from Bank of America in an ordeal that lasted months – before it was eventually resolved, reports The-Sun.
She claimed that the bank had made a so-called business decision to shut the account.
She said she was eventually able to access her funds after her account was reopened.
But she was left furious that bosses couldn’t give an explanation why her account was closed.
A spokesperson told WBBM: “We can’t share information about an individual account for reasons of privacy, but we have resolved the issue directly with our customer.”
Meanwhile, Chase Bank customer Justin Martin has also told of the moment he realized his account had been frozen.
Small business owner Christian Haberkern has recalled the ordeal that saw more than $24,000 wiped from her Wells Fargo account.
She tried to get her money back for weeks before the funds were eventually returned.
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