News about multiple Bank of America branch closures has sparked concern among customers who rely on in-person banking services. Despite the worry, Bank of America is continuing its transition away from traditional branch locations across the country. Following the broader industry trend, the bank cites the growing popularity of digital banking as a key reason, noting that fewer people are visiting physical branches due to the convenience of managing finances online.
The inevitable future of banking
While it is heartbreaking for many citizens to say goodbye to well-known Bank of America branches, this well-known bank is not the only one closing its doors. Several major banks in America have already shut down some of their branches as well. This year alone saw about 320 bank branches closing their doors. There is a trend in America of banks closing some of their branches, and this trend has been escalating since the pandemic.
The reason why banks, like Bank of America, are making this decision is that clients’ banking needs are changing. Bank clients are moving toward online and cellphone banking as they enjoy the simplicity of this type of banking platform.
It is predicted that the last brick-and-mortar bank will close by 2041, and banks as financial institutions will be obsolete by then. While the future of banking is still unclear, there are some things about the current banking situation that we do know about.
Popular banks that closed down bank branches this year
Wells Fargo and Chase are other popular banks that closed many of their bank branches this year. Wells Fargo and Chase closed down 145 bank branches within 5 weeks.
Alongside Wells Fargo and Chase, TD Bank has also closed down many branches and has plans to close down several more branches nationwide.
In Pennsylvania alone, the following banks closed some of their branches:
Citizens Bank
- 1201 Knapp Road, North Wales
- 116 W. Township Line Road, Havertown
- 176 W. Street Road, Feasterville-Trevose
Fulton Bank
- 122 Eagle Point, Bellefonte
- 599 West Market St., Hellam
- 611 Shrewsbury Commons Avenue, Shrewsbury
- 200 South Poplar St., Berwick
- 866 North U.S. Route 15, Dillsburg
- 1732 E. Third St., Williamsport
- 835 North Fourth St., Sunbury
PNC Bank
- 345 Court St., Coraopolis
- Bon Aire Shopping Center, Route 8, Butler
- 801 Bishop St., Bellefonte
- 230 S. Broad St., Philadelphia
TD Bank
- 8600 Germantown Pike, Philadelphia
- 101 Lancaster Ave., Frazer
- West Trenton Avenue and Carlisle Avenue, Morrisville
Wells Fargo
- 1001 Pennsylvania Ave., Matamoras
- Centre Square, 1 N. Main St., Red Lion
- 1700 Market St., Philadelphia
The full list of Bank of America branches closing down
Here is a full list of Bank of America’s office locations that are said to close in this year alone:
California
April 2025:
- 134 SOUTH CHURCH STREET, GRASS VALLEY
May 2025:
- 1510 THE ALAMEDA, SAN JOSE
- 3150 CAMPUS DRIVE, SAN MATEO
June 2025:
- 4551 2nd Street, Suite 120, DAVIS
October 2025:
- 16811 ALGONQUIN STREET, HUNTINGTON BEACH
November 2025:
- 5800 SANTA ROSA ROAD, CAMARILLO
December 2025:
445 POWELL STREET, SAN FRANCISCO
Florida
May 2025:
- 10690 FOREST HILL BOULEVARD, WELLINGTON
Illinois
January 2025:
- 240 N RANDALL RD, LAKE IN THE HILLS
- 3210 W IL ROUTE 60, MUNDELEIN
Kentucky
September 2025:
- 201 BASTOGNE AVENUE, FORT CAMPBELL
Massachusetts
March 2025:
- ONE POST OFFICE SQUARE, LYNNFIELD
Nevada
September 2025:
- 300 SOUTH FOURTH STREET, LAS VEGAS
South Carolina
October 2025:
- 910 SAVANNAH HIGHWAY, CHARLESTON
Texas
September 2025:
- 1206 SOUTH BOWEN, ARLINGTON
Virginia
May 2025:
- 9280 OLD KEENE MILL ROAD, BURKE
Washington
January 2025:
- 1201 MADISON STREET
February 2025:
- 4323 SW ADMIRAL WAY
April 2025:
- 9019 RAINIER AVENUE SOUTH
Many of the Bank of America branches will close down, however, the news is causing stress for some.
Who will be the most affected when these branches close down?
Elderly customers who struggle with online banking will be the most affected when we say goodbye to Bank of America branches nationwide. Citizens with disabilities and those from low-income households will also be severely affected by the decisions taken by banks.
