{"id":2331,"date":"2026-05-09T12:46:52","date_gmt":"2026-05-09T12:46:52","guid":{"rendered":"https:\/\/gw.adampg777.com\/?p=2331"},"modified":"2026-05-09T12:46:52","modified_gmt":"2026-05-09T12:46:52","slug":"122-year-old-bank-closes-more-branches","status":"publish","type":"post","link":"https:\/\/gw.adampg777.com\/?p=2331","title":{"rendered":"122-year-old bank closes more branches"},"content":{"rendered":"

<\/p>\n

Keeping an empty building open is expensive. And with more online and app options, it might not always make sense to have a physical place to shop.<\/p>\n

That is especially true of banks, where you can do everything from opening an account to depositing a check with a simple swipe of a button.<\/p>\n

\u00a0Still, Americans like to have a bank branch to go into when they can\u2019t resolve issues online, with 65% seeing them as symbols of stability, according to a study from Accenture.<\/p>\n

But clients of this one bank might find they need to drive further to reach their nearest branch.<\/p>\n

This bank\u2019s branch count is shrinking<\/strong><\/h2>\n

With fewer customers going to physical branches, banks are responding by closing and consolidating branches. There was a 19% decline in bank branches between 2014 and 2024, according to a study from the Federal Reserve.<\/p>\n

But even when branches decreased, it didn\u2019t always result in a huge decrease in access to a branch, the same study found. \u00a0<\/p>\n

Even so, the change in consumer habits is causing banks to rethink how branches are designed, TheStreet reported.<\/p>\n

Bank of America is one of the latest banks to announce several branch closings.<\/p>\n

Bank of America branches that are closing<\/strong><\/h3>\n
    \n
  • 6727 North Davis Highway, Pensacola, Florida<\/li>\n
  • 6023 Spring Hill Drive, Spring Hill, Florida<\/li>\n
  • 985 Pasadena Avenue South, South Pasadena, Florida<\/li>\n
  • 1001 SW 5th Avenue, Portland, Oregon<\/li>\n
  • 10101 SW Washington Square Road, Portland, Oregon<\/li>\n
  • 20 Ranch Road, Milpitas, California<\/li>\n
  • 1705 West 18th Street, Chicago, Illinois<\/li>\n<\/ul>\n

    Since the start of the year, Bank of America has closed 13 branches, according to data from the Office of the Comptroller of the Currency.<\/p>\n

    It still has a lot of branches, as it\u2019s one of the largest banks in the U.S. According to Bank of America, it has 3,500 financial centers and 15,000 ATMs across the U.S.<\/p>\n

    \n

    Bank of America is closing several branches across the U.S.<\/p>\n

    Getty Images<\/p>\n<\/figcaption><\/figure>\n

    Bank branches are declining nationwide<\/h2>\n

    Bank branches weren\u2019t always in decline. At one point, there were over 86,000 branches across the U.S.<\/p>\n

    Now there are only 69,167 branches, according to the FDIC. \u00a0\u00a0\u00a0<\/p>\n

    Although the number of bank branch closures have slowed since they hit a record decline during Covid, there are still many banking deserts in the U.S., according to the National Community Reinvestment Coalition.<\/p>\n

    More bank news<\/strong><\/p>\n

      \n
    • 198-year-old bank is losing customers for controversial reason<\/li>\n
    • 136-year-old bank expands its foothold to $18 billion<\/li>\n
    • 150-year-old bank announces branch closures<\/li>\n<\/ul>\n

      Over all, banking access has declined across communities, with the biggest impact being felt by lower-income households, the coalition report found.<\/p>\n

      \u00a0\u201cFewer branches create smaller geographic areas where banks must demonstrate community development activity. This is a particularly concerning development given the documented network contraction,\u201d the National Community Reinvestment Coalition report states.<\/p>\n

      Related: This major bank is going on a branch-opening spree<\/strong><\/p>\n

      #122yearold #bank #closes #branches<\/p>\n","protected":false},"excerpt":{"rendered":"

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