Business Finance

Bank Of America to Close Many ATMs and Branches in Bay Area

Bank Of America to Close Many ATMs and Branches in Bay Area

According to recent filings by the Bank of America, nearly two dozen Bay Area branches or ATMs will halt functions in the near future.

Legally, banks must notify the Office of the Comptroller of the Currency of closures at least ninety days in advance, so that the public is aware of any potential effects.

As per Colleen Haggerty, Bank of America spokesperson, the bank runs around  200 financial centers in the Bay Area. The centers where the customer traffic is very limited or has diminished significantly are being considered for closure. Proximate branches will either be merged or closed.

The bank said that both branches and ATMs will be closed. For instance, 1350 Travis Blvd., Fairfield, are ATMs that will halt the functions.

Here is a list of the locations of the branches and ATMs that will be closed, with the year of closure mentioned as well.

-1275 Fell St., San Francisco (Dec. 2023)
-1053 Sunvalley Blvd., Concord (Dec. 2023)
-2925 Scott Blvd., Santa Clara (Dec. 2023)
-200 Cochrane Plaza, Morgan Hill (Dec. 2023)

-1 Market St., San Francisco (2024)
-800 Irving St., San Francisco (2024)
-3491 McKee Road, San Jose (2024)
-1400 Moraga Way, Moraga (2024)

Confirmed closure but period not set as for now.

-3250 Mission St., San Francisco
-501 Brannan St., San Francisco
-San Francisco International Airport
-2154 MacArthur Blvd., Oakland
-300 Lakeside Drive, Oakland
-99 Serramonte Center, Daly City
-901 Fremont Ave., Los Altos
-2180 Sand Hill Road, Menlo Park
-26801 Mission Blvd., Hayward
-2290 Oak Grove Road, Walnut Creek
-1221 Tara Hills Drive, Pinole
-1350 Travis Blvd., Fairfield
-1001 Adams St., St. Helena

This year has witnessed many banks closing their branches. Charles Schwab has also announced the closure of its 100 Post St. location, along with layoffs.  Many banks were acquired by some big players in the field. First Republic was acquired by JP Morgan Chase.

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