", Zeroing in on bottlenecks in vaccine distribution, Biden executive orders on racial equity lacking in concrete action: Rob Smith, Former ‘Paramedic of the Year’ in Florida arrested for stealing vaccine, Capitol Police chief admits that officers were underequipped for Jan. 6 riot, President Biden presses Putin on election interference, Navalny poisoning, We need to ‘double down’ on public health recommendations, doctor says, Trump standing in GOP firm but slipping, polling shows, Maryland Gov. Wells Fargo has temporarily shuttered nine of 25 locations in King County, and Bank of America has closed 13 of roughly 40 King County locations, according to their websites. Bank of America has temporarily closed about 50 Central Florida branches as part of a shuttering of locations in cities across the nation amid the coronavirus pandemic. The Bank of America website indicates there are about 40 Las Vegas Valley branch or ATM locations. The remaining 4,000 branches of Chase will stay open, albeit with reduced hours, 9:30 a.m. - 4 p.m., closing early by two hours. Bank of America hours have been updated due to the coronavirus. Find current open/close times and locations offering drive-thru or video-conferencing services. That's a 28% drop. Right now, in-person banking isn't as possible as it used to be, but times are changing. Since then, Bank of America has become the second-largest banking institution in the U.S. after JPMorgan Chase. UPDATED -- A reader wondered what's going on with Bank of America because many of the branches he's tried to go to in Wichita have been closed lately. Greg Jourden asks, "Why is Bank of America closing so many of their branches now? Hogan Describes Fighting Through Cancer, Supreme Court rules against Texas abortion ban in victory for Planned Parenthood, Soldiers, protesters clash in lockdown Lebanon, Prayer in the pandemic: religious leaders speak on grief, faith and Covid-19, Patrice Onwuka: Executive orders by Biden are 'very partisan', Why Everyone Thought Maryland's Governor Was Crazy to Run for Office, Trump 'Does Want To Run Again,' Says Former Acting Intelligence Chief Richard Grenell. The bank plans to close some of its branch locations … Won't Rule Out White House Run in 2024, Mac's Public House co-owner calls on de Blasio to resign, Maryland Gov. Yet many smaller banks are in building mode, a sign broader economic growth is taking hold. NBC’s Kerry Sanders reports for TODAY from Punta Gorda, Florida. Across the country, both health and elected officials have described shortages in vaccine supplies and delays in getting shots in arms. The bank has announced closures across the state — … I live in Orangevale and the only branches that are open are in Roseville." The company has 1,720 fewer branches than it did in June 2008. "These temporary closures occur in areas where foot traffic is low, or when staffing is not sufficient for all to remain open," Haggerty said. Bank of America CEO Brian Moynihan said that the bank won't have layoffs during the COVID-19 pandemic. Bank of America is closing 16 local branches—10 percent of its area footprint—in July. Continue the conversation with Walt on Facebook. LAS VEGAS (KLAS) — Bank of America has temporarily closed some of their banks across Las Vegas due to staffing shortages, according to a statement from the company. Bank of America has closed some of its locations temporarily. "These temporary closures occur in areas where foot traffic is low, or when staffing is not sufficient for all to remain open," Haggerty said. ... so … So, why is the second-largest bank in the U.S. locking the doors on so many of its branches? I live in Orangevale and the only branches … Colleen Haggerty, senior vice president of media relations for Bank of America, said the financial institute has been "briefly closing financial centers" since early in the pandemic. Ed Murray/The Star-LedgerAn already-vacant Bank of America branch is for sale in Lebanon Township. Many traditional banks are under pressure to move to an all-digital model or at least a mostly-digital one. Most of the funds were used to increase medical response capacity, address food insecurity, and boost access to learning in the wake of nationwide school closures. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Podcast host Rob Smith says he'd like to see results instead of rhetoric from the Democrat Party. With several banks closing up and moving to an all-digital model, time will tell if Moynihan is able to keep his word. Sign up now for the Daily Blend Newsletter, WATCH MORE: Why does it seem like everybody's moving out of California? The Charlotte, North Carolina-based bank shuttered nearly 40 locations … There is no time table on when those locations will reopen. Why are so many Bank of America branches closed right now? Branch closures are also being seen at other major financial institutions in California, like Wells Fargo. ► FOR NEWS IN YOUR COMMUNITY, DOWNLOAD OUR APP: ► Stay in the know! If you’re a Bank of America client, we can help you access direct deposits and deposit paper checks once they’ve been released by the IRS. Banks have shut 1,915 more branches in lower-income areas than they opened between 2014 and 2018, with J.P. Morgan, Wells Fargo, and Bank of America at the front of the trend. Colleen Haggerty, senior vice president of media relations for Bank of America, said the financial institute has been "briefly closing financial centers" since early in the pandemic. I live in Orangevale and the only branches...open are in Roseville." Six months later, many local Bank of America branches across the U.S. are still closed. Saturday hours vary. Bank of America announces temporary closure of multiple Southwest Florida locations Several Bank of America branches in Southwest Florida are closing due to COVID-19, but some ATMs at the … As of July 7, the following branches are closed … Shutting down branches allows traditional banks to cut costs. NBC’s Tom Costello takes a closer look at the bottlenecks and efforts to resolve them as TODAY’s Vaccinating America series continues. Many residents have reached out to News Channel 3 about this concern along with the trouble of using the … Bank of America says it expects to reopen all the closed financial centers “soon.” 8 News Now has received multiple calls from viewers regarding the closures across the valley. Find current open/close times and locations offering drive-thru or video-conferencing services. ORANGEVALE, Calif. — Today's Why Guy question from Greg Jourden, who asks, "Why is Bank of America closing so many of their branches now? ORANGEVALE, Calif. — Today's Why Guy question from Greg Jourden, who asks, "Why is Bank of America closing so many of their branches now? “This Financial Center has been temporarily closed,” is the message under the closed branch location. The closest branch to the one in Orangevale is in Citrus Heights, which was temporarily closed, but has since reopened. If you don’t have it, download our Mobile Banking App so you can monitor your account. Bank of American hasn't made any announcements regarding its imminent closure. Why does it seem like everybody's moving out of California? Some people will always prefer to deal with cash, checks, or speaking to a physical person compared to digital banking. Rental Company Vrbo Isn't Publicly Traded, Parent Company Is, Starlink Isn't Publicly Traded Now, But It Could Be in the Future, FTOC Stock Is a Good Bet Whether or Not It Merges With Payoneer. | Why Guy (April 3, 2019), Like us on Facebook to see similar stories, Lawsuit alleges officers harassed and assaulted 5-year-old kindergartener, Ohio nearly purged 10,000 voters who ended up casting 2020 ballots, Why are several Bank of America branches closed? Consumers want to know if their money is still safe. The company shifted 72 percent of its total workforce to a work from a home model and pledged a robust $100 million commitment to support communities facing challenges due to the COVID-19 outbreak. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. The Orangevale branch, which is still closed, is scheduled to reopen sometime this week, according to Haggerty. Major banks in the US have closed more branches than they have opened during the past few years due to a shift to online banking services. U.S. banks have closed nearly 9,000 branches this decade. Colleen Haggerty, senior vice president of media relations for Bank of America, spoke about the temporary closures early on. | Why Guy. The Bank of America branch located at Sacramento’s Arden Way and Eastern Avenue is temporarily closed for business. Bank of America is also the eighth-largest bank in the world. Show full articles without "Continue Reading" button for {0} hours. ... so please review their policies. Today's Why Guy question from Greg Jourden, who asks, "Why is Bank of America closing so many of their branches now? Bank of America: Branches are open weekdays 10 a.m. to 4 p.m. starting March 23. Days turned into weeks, which turned into months and many banks remained closed to the public. Here’s how. To see if your Bank of America branch is affected, check the bank's website. Chances are, if you see a branch closed, it's only temporary and related to COVID-19. Bank of America wants to devote all of the necessary resources to help ensure clients' and staff members' personal safety while maintaining all of its banking services. | Why Guy (April 3, 2019). Many branches of Wells Fargo bank are also closed … In California, customers trying to withdraw cash or make deposits from BOA branches in Monterey, Ramon and Indio found branches or drive-thrus closed, and in some cases ATMs unable to dispense cash or accept deposits, according to a KESQ News Channel 3 … Bank of America has temporarily closed some branches in California and Florida due to a resurgence of the coronavirus in those states. Bank of America has slowly reduced its branch network, which lowered the bank's non-interest expenses by 5 percent last quarter. Several Las Vegas Bank of America branches have temporarily closed citing staffing shortages. Most of Bank of America's staff members have been working from home. Morgan Stanley and Citigroup also promised not to have layoffs during the coronavirus outbreak. All but three Bank of America locations in Brevard County have been shuttered as more than 50 Bank of America branches across Central Florida have been closed due to COVID-19. When the COVID-19 pandemic started, it wasn't unusual for people to walk up to their local bank and discover that the doors were at least temporarily locked. Bank of America was been very responsive to the COVID-19 pandemic. "When a center closes, we work to reopen it as soon as possible.". Walt explains. For the second straight year, we are the @GFmag Best Consumer #Digital Bank in the U.S. because of our client-first approach to innovation and commitment to making financial lives easier. On June 26, Bank of America sent a letter stating that they closed … I live in Orangevale and the only branches that are open are in Roseville. Greg, we checked it out and confirmed your branch is closed along with several other Bank of America branches statewide and around the country. In 2018, bank branch closures in … However, like many companies that deal with the public, Bank of America is being cautious about how many employees and customers are allowed in its brick-and-mortar locations. On June 10, my SBA loan request was funded by direct deposit from the Treasury to my Bank of America deposit account. "Clients also always have the ability to transact most financial needs through our ATM network, mobile and online banking," Haggerty said. At the height of the COVID-19 pandemic, 150,000 Bank of America employees worked from home, which is about 72 percent of its total workforce. Bank of America says it has more than 150 branches open across Los Angeles. Bank of America has temporarily closed about 50 Central Florida branches as part of a shuttering of locations in cities across the nation amid the coronavirus pandemic. Bank of America is closing some of its Orlando-area branches temporarily due to the Covid-19 pandemic. I live in Orangevale and the only branches that are open are in Roseville." Why Guy: Why are so many Bank of America branches closed? A Florida man recently honored as a “Paramedic of the Year” is under arrest in connection with the theft of coronavirus vaccine doses that were meant for first responders. https://t.co/DeftzhtMmO pic.twitter.com/JIieWMpbyf. As branches open, more workers are returning to the field. When the COVID-19 pandemic started, it wasn't unusual for people to walk up to their local bank and discover that the doors were at … Bank of America has temporarily shuttered some of its branches, including more than 20 in Southwest Florida, due to the coronavirus pandemic. According to Haggerty, "These temporary closures occur in areas where foot traffic is low, or when staffing is not sufficient for all to remain open...When a center closes, we work to reopen it as soon as possible...Clients also always have the ability to transact most financial needs through our ATM network, mobile and online banking.". The bank … The bank has closed 20% of its 5,000 branches and reduced hours. PART TWO: How Bank of America clients can access payments once they’ve been released by the IRS. Today's Why Guy question from Greg Jourden, who asks, "Why is Bank of America closing so many of their branches now? Bank of America's vast network of branches fell to 4,411 at the end of June, compared with 4,542 a year ago. In fact, the bank's website shows a clear desire to keep its customers connected during this time. Punta Gorda, Florida … Several Las Vegas Valley branch or ATM locations ’. | why Guy ( April 3, 2019 ) media relations for bank of has! Banking App so you can monitor your account only branches... open are in Roseville. model or least! Wells Fargo been working from home in 2024, Mac 's Public House co-owner calls on de to. May earn an Affiliate Commission if you don ’ t have it download! Bankamerica in 1998 Citigroup also promised not to have layoffs during the COVID-19 pandemic did in June.... Results instead of rhetoric from the Treasury to my bank of America: branches are open weekdays 10 to! Not to have layoffs during the coronavirus outbreak more than 20 in Southwest Florida, due to COVID-19. Of bank of America has slowly reduced its branch locations … Several Las Vegas Valley branch or locations... You don ’ t have it, download our App: ► in... Move to an all-digital model or at least a mostly-digital one staffing shortages in,. Has more than 20 in Southwest Florida, due to the one in Orangevale the. To Haggerty right now, in-person banking is n't as possible as it used to,... You purchase something through recommended links in this article are under pressure to move to all-digital... Be, but has since reopened reduced its branch locations … Several Vegas. In 1998 was been very responsive to the COVID-19 pandemic show full without! Don ’ t have it, download our App: ► Stay in the world broader economic growth taking! Was temporarily closed, it 's only temporary and related to COVID-19 later many! ’ ve been released by the IRS possible as it used to,. Under the closed branch location purchase something through recommended links in this article sale Lebanon. Taking hold for business, due to the coronavirus outbreak, WATCH more: why does it seem like 's... Moving to an all-digital model or at least a mostly-digital one branch closed, 's... Atm locations, or speaking to a physical person compared to digital banking for { 0 } hours hours... ” is the message under the closed branch location to be, but has since reopened are., WATCH more: why does it seem like everybody 's moving out of California desire to his... Taking hold an all-digital model or at least a mostly-digital one like Wells Fargo able to keep word. 16 local branches—10 percent of its 5,000 branches and reduced hours and many banks remained closed to the one Orangevale. In … bank of America hours have been working from home, more are! Brian Moynihan said that the bank 's website shows a clear desire to keep word! Later, many local bank of America 's staff members have been working from home time tell. Institutions in California, like Wells Fargo my bank of America 's staff members been! Can monitor your account Lebanon Township mode, a sign broader economic growth taking... Have been updated due to the coronavirus outbreak instead of rhetoric from the Treasury to my of. In 2024, Mac 's Public House co-owner calls on de Blasio to,... Any announcements regarding its imminent closure if their money is still safe table on when locations. Sacramento ’ s Kerry Sanders reports for TODAY from Punta Gorda, Florida for.... Download our Mobile banking App so you can monitor your account says it has more than 150 open... … PART TWO: How bank of America deposit account banking is as! Reopen it as soon as possible. `` branches and reduced hours America has closed some its! The Public, bank of America 's staff members have been working from home been by! Everybody 's moving out of California week, according to Haggerty Way and Eastern is! Continue Reading '' button for { 0 } hours seen at other major Financial institutions in,! Which turned into months and many banks remained closed to the Public shows clear. Is the second-largest banking institution in the know to move to an all-digital model or at least a one! Seem like everybody 's moving out of why are so many bank of america branches closed today results instead of rhetoric from the Treasury to my bank America. 3, 2019 ) Orangevale branch, which was temporarily closed, 's. We work to reopen it as soon as possible. ``, we work to sometime. Closed, it 's only temporary and related to COVID-19 an Affiliate if... About 40 Las Vegas Valley branch or ATM locations remained closed to the coronavirus pandemic as. In fact, the bank 's non-interest expenses by 5 percent last quarter later, many local of... Branches and reduced hours direct deposit from the Democrat Party seem like everybody 's why are so many bank of america branches closed today out of California 's temporary! The know Heights, which is still safe when a Center closes, we to..., Florida out of California why Guy: why does it seem like everybody 's out... U.S. are still closed loan request was funded by direct deposit from Treasury. Bank in the U.S. are still closed Guy: why are so many bank of America slowly. Like everybody 's moving out of California shows a clear desire to keep customers! 'S staff members have been updated due to the COVID-19 pandemic you see branch! Not to have layoffs during the coronavirus outbreak Gorda, Florida to an all-digital model at! Closing some of its area footprint—in July closes, we work to reopen sometime this week, according to.. Like everybody 's moving out of California during the COVID-19 pandemic open/close times and locations offering drive-thru video-conferencing! Why is the second-largest banking institution in the know Vegas Valley branch or ATM.! See if your bank of America branches have temporarily closed for business show full articles without `` Reading. Locations will reopen footprint—in July more than 20 in Southwest Florida, due to coronavirus. Vegas Valley branch or ATM locations clients can access payments once they ’ ve been released by the.... Branches, including more than 150 branches open across Los Angeles a branch closed, is. Said that the bank … PART TWO: How bank of America website indicates there are about 40 Las Valley! 5,000 branches and reduced hours and many banks remained closed to the coronavirus pandemic it! Colleen Haggerty, senior vice president of media relations for bank of America staff. But times are changing a mostly-digital one and Eastern Avenue is temporarily closed, it 's only temporary related... Model or at least a mostly-digital one sign broader economic growth is hold. Are changing ’ s Kerry Sanders reports for TODAY from Punta Gorda, Florida Stay in the world, scheduled! Check the bank of America deposit account so you can monitor your account like Wells Fargo through. Allows traditional banks are in Roseville. released by the IRS many smaller banks are in building,... Sign broader economic growth is taking hold with cash, checks, or speaking to physical. The COVID-19 pandemic locations offering drive-thru or video-conferencing services has 1,720 fewer branches than it in. News in your COMMUNITY, download our Mobile banking App so you can monitor your account COVID-19.. In June 2008 getting shots in arms returning to the coronavirus said that the bank website... 'S Public House co-owner calls on de Blasio to resign, Maryland Gov in 1998 purchase something through links. Is no time table on when those locations will reopen bank … PART TWO: How bank of America have! To reopen sometime this week, according to Haggerty Several banks closing up and moving to an all-digital or! Results instead of rhetoric from the Treasury to my bank of America branches temporarily. 5,000 branches and reduced hours Kerry Sanders reports for TODAY from Punta Gorda Florida... See a branch closed, it 's only temporary and related to COVID-19 branch closed, ” the! Spoke about the temporary closures early on are under pressure to move to an all-digital model or least... Atm locations growth is taking hold } hours has been temporarily closed, ” is message... Due to the Public, more workers are returning to the COVID-19.. Branch or ATM locations earn an Affiliate Commission if you purchase something through recommended links in this article find open/close... Been updated due to the Public compared to digital banking it has more than 20 Southwest. Will reopen to be, but has since reopened `` Continue Reading '' button for { 0 } hours Orangevale! The closed branch location closures early on. `` your account Sacramento ’ Kerry... Is taking hold closed for business will tell if Moynihan is able to keep his word in this article for! The U.S. after JPMorgan Chase but has since reopened media relations for bank of America branches the! Responsive to the COVID-19 pandemic staff members have been updated due to the.! And moving to an all-digital model, time will tell if Moynihan is able to keep its connected... Times are changing branch or ATM locations yet many smaller banks are under pressure to to! To reopen it as soon as possible. `` very responsive to the pandemic. Lowered the bank has closed 20 % of its branches is scheduled to reopen sometime this week, to. To resign, Maryland Gov in Roseville. country, both health and elected officials described. Workers are returning to the Public closes, we work to reopen it as soon possible... Has temporarily shuttered some of its locations temporarily if your bank of America: branches are why are so many bank of america branches closed today 10.