Bank of America, the second largest bank in the U.S., is pressing on with branch closures well beyond March 2025. Many communities fear losing face-to-face service, while employees wonder about their job security.
After closing five branches at the start of March, Bank of America has announced additional shutdowns in numerous states. This plan, which started in 2022, has already led to nearly 200 closures. Now, the institution aims to optimize operations in response to surging digital banking demand.
Important details about the continuing Bank of America closures across the United States
Who might be affected by these closures? Primarily, customers who rely on in-person services and local economies that depend on branch-level employment. Closures have been confirmed in California, Florida, Washington, Virginia, Kentucky, Nevada, and more states, with many scheduled through the end of 2025. Here is a quick look at some locations already confirmed for closure:
| State | Branch Location | Closure Date |
|---|---|---|
| California | 134 South Church St., Grass Valley | April 2025 |
| Washington | 9019 Rainier Ave. South, Seattle | April 2025 |
| Florida | 10690 Forest Hill Blvd., Wellington | May 2025 |
| Virginia | 9280 Old Keene Mill Rd., Burke | May 2025 |
As shown in this table, many closures are hitting both large cities and smaller communities.
How rural and senior Americans could be adversely impacted
Could customers face penalties for banking elsewhere? The answer is no. There are no fines involved, but local residents may lose the convenience of a nearby branch. Seniors and rural communities often struggle with internet access, making digital banking a challenge. Losing a branch could force them to travel long distances for simple tasks like depositing checks or consulting with bank staff.
Many of these offices are central to small towns and local business districts. When one closes, foot traffic might decline, and employees often face relocation or layoffs. Although Bank of America states it will try to relocate personnel, there are still concerns about how many will realistically be absorbed. How to adapt and keep your banking services accessible during branch closures?
- Review Available Digital Tools: Bank of America’s online and mobile platforms allow transfers, bill payments, and check deposits without stepping into a branch.
- Locate Alternative Branches: If you prefer face-to-face services, check BofA’s website or app to find branches still in operation in your region.
- Consider Local Credit Unions: In areas with multiple bank closures, smaller financial institutions sometimes offer competitive services.
Keep in mind that Bank of America aims to open modern “financial centers” in key markets by the end of 2026. While that might help some communities, others could be left with fewer banking options.
Ongoing closures, future openings, and what comes next for local economies
Executives hint that more closures will be announced in the coming months. Meanwhile, new openings focus on areas of higher foot traffic, potentially generating more tech-savvy or advice-based customer experiences.
For local economies that lose a branch, the immediate effect can be tough, yet online and mobile options offer an alternative for those with reliable internet access.