Massive California banks are now closing soon according to fresh data from the Office of the Comptroller of the Currency.
The latest list of banks closing in California were released on Thursday by the OCC.
This week, another four bank branches in California have closed, with five more branches added to the growing closure list.
The banks closing in California soon are as follows:
- US Bank. 1309 North Chester Ave, Bakersfield (a new addition to the list)
- Wells Fargo. 5377 West Centinela Ave, Los Angeles (a new addition to the list)
- Wells Fargo. 535 South Myrtle Ave, Monrovia (a new addition to the list)
- Wells Fargo. 1705 N First St, San Jose (a new addition to the list)
- Wells Fargo. 3550 Wilshire Blvd, Los Angeles (a new addition to the list)
- 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
The banks that closed in California this week are:
- 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
“Across California, 282 bank branches have closed this year, the second-highest number this century, aside from 2020,” reports Ash Jurberg.
“We are concerned about the closures, especially in communities of color and lower-income communities because of how that affects lending,” says Paulina Gonzalez-Brito, CEO of Rise Economy.
Other Banking News Today
Bank of America is now freezing customer accounts according to the bank’s latest scandal and user reports.
A dad’s Bank of America account has suddenly closed overnight – leaving him broke and worried about feeding his family, reports The-Sun.
Elad Nehorai spent hours trying to access his life savings at a Bank of America branch in Los Angeles, reported local CBS affiliate KCAL News.
He complained about his treatment on X, formerly Twitter, saying: “I am with my wife & daughter in a @BankofAmerica office.
“They shut down my account with any notice or explanation, and we won’t be able to feed our family or pay medical expenses.
“We are staying here until it’s fixed. So far they have refused to even explain why they did this.”
His worrying post prompted a number of people to offer help in July.
One user said: “I sympathize with you Elad, BoA did this to my mother last year and it took us forever to get it worked out.
“Please let us know if we need to start up a fund drive for your family to tide you over until it gets resolved.”
Another user said: “I’m horrified that this is legal and apparently we have no recourse, even for answers.
“I am so naive, I didn’t think anything like this could happen here. Scary and frustrating.”
When the bank “heard CBS wanted to cover it [the story], the tone instantly shifted… the bank manager removed the hold on our account and transferred [his money] to another account.
“So, we have our money and can feed our family. That’s thanks to all of you,” Elad stated on X.
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