Bank Of America Closing 2024 Usa

Bank Of America Closing 2024 Usa. Physical bank branches have been closing down at a rate of 1,646 branches on average per year since 2018. Bank of america to close over 50 branches in 2024, including four in massachusetts, as banking shifts towards digital services.

Branch closures this year, shutting down 132 locations between january and september 2024, more than any other major bank. Banks recently have been closing more branches than they are opening, with the top five banks in this ranking closing a net total of 148 locations in the second quarter of 2024, up from 100 net closures in the first quarter.