Unexpected US bank branches now close in Florida according the latest data from the Office of the Comptroller of the Currency.
US bank branch closures have accelerated between 2023 and 2024 as popular banks shift towards the digital landscape.
In some areas, communities fear the transition will result in bank deserts, leaving families in lower income neighborhoods to travel further out for a physical location.
These closures have been occurring nationwide and the state of Florida is no exception.
The Office of the Comptroller of Currency has now reported that more bank branches in Florida have shuttered.
Wells Fargo closed locations in North Miami and St.Augustine, while PNC Bank closed a branch in Wellington.
And while many people do their banking online, a large customer base still prefer to visit a branch to manage their finances, leading to conflict in the industry.
TheStreet states that, “If the trend of current bank branch closings continues, there may be no bank branches left in 10 years.”
Many bank giants have reported that the branch closures across the United States are also a means to consolidate and create higher quality locations.
The federal regulator found Bank of America, US Bank and Citizens led the charge with the national banks accounting for nearly half of all closures, per CBN.
More than 220 bank branches have closed in the United States within the first two months of 2024, according to official US Government data.
Which bank branches have closed in Florida this year?
Below is a list of recent U.S. bank branch closures in Florida:
- Wells Fargo. 14731 Biscayne Blvd, North Miami
- Bank United. 4801-4967 Cocony Creek Parkway, Coconut Creek
- PNC Bank. 12000 West Forest Hill Blvd, Wellington
- Wells Fargo. 4285 U.S. 1 Hwy South St, Augustine
- Bank of America. 50 North Laura St, Jacksonville
- Bank of America. 21060 Saint Andrew Blvd, Boca Raton
- Bank of America. 19645 Biscayne Blvd, Aventura
- First American. 2301 Maitland Center Parkway, Maitland
- Fifth Third Bank. 10417 Gibsonton Dr, Riverview
- TD Bank. 2675 West State Rd 434, Longwood
- TD Bank. 3325 West Hillsboro Blvd Deerfield Beach
- Bank of America. 459 Brandon Town Center, Brandon
- Bank of America. 10300 Southside Blvd, Jacksonville
- Wells Fargo. 444 Gamble St, Tallahassee
- Wells Fargo. 3400 South Monroe St, Tallahassee
- Wells Fargo. 7931 Gunn Highway, Tampa
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Also Read: A Massive US Bank is Now Closing Credit Cards
Other Economy News Today
A banker is now convicted for stealing money from customers while working at Bank of America over a 10-year period.
The personal banker was arrested after her years-long scam, resulting in nearly $300,000 being stolen, came to light.
Police in Seneca, South Carolina said they received a report in 2013 about missing money from an account with Bank of America.
The victim, who also reported the incident to the Customer Service department, told police he was missing around $30,000.
Investigators worked with Bank of America for several weeks after the crime was reported and learned that an employee who had been stealing money from several people in Oconee County.
The police said the victims would use the Bank of America location in Seneca as their primary bank and Bobbi Cortese was their personal banker.
Seneca Police investigators and the US Secret Service spent nearly a decade doing more interviews.
Meanwhile, Bank of America was given time to complete an internal investigation.
It was revealed that Cortese had stolen nearly $300,000 from four people while working at the bank.
Some of the money was in the victims’ bank accounts for life insurance payouts related to the deaths of their spouses.
Others had a lifetime of earnings that was supposed to be used for their retirement, said police.
Cortese would open accounts under the victims’ names without their knowledge or consent and would perform a “shell game.”
This is when a scammer uses the money from one victim to replace what she stole from another victim.
After investigating further, police said Cortese forged several documents and issued them to the victims to hide the theft.
She committed these acts for about four years while working at the Bank of America, said police.
Cortese was arrested in May 2023 and charged with four counts of breach of trust and two counts of forgery.
She was later fired by the bank, reports The-Sun.
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Also Read: A Massive Bank Now Freezes Money From Direct Deposits
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