More banks in the US will close soon

In the United States, the trend towards the closure of large banks in different parts of its geography continues. Now, the giants Wells Fargo and Bank of America have announced the closure of several branches in the coming days.

This phenomenon is on the rise for objective reasons that are currently affecting the development of physical locations. It is a fact that online operations are booming day by day. Hence, users prefer to make any transaction from their mobile phones rather than going to the nearest bank branch. It’s all about comfort and agility in every operation.

Reality crushes red tape, and above all the profitability of keeping physical banks open. When the decision is to close branches, it is obviously because that location is already in the red zone. Specifically, Amy Amirault, vice president of communications at Wells Fargo, pointed out the topic.

“As customer preferences and transaction patterns change, our branches also change. For example, we can open new branches by combining two old branches in a better location. All this does not detract from the importance of our customers and the communities we serve.

Branches closing

Wells Fargo plans to close 15 branches in 13 states in the country. These are their sites:

– Alabama (4394 Main Street, Benson)

-Arizona (2745 West Carefree Highway, Phoenix)

-California (1071 El Camino Real, Redwood City and 42420 Washington Street)

-Florida (555 Washington Street, Miami Beach)

– Georgia (3298 Interstate 5, Douglasville)

-Iowa (4505 Douglas Street, Des Moines, Iowa)

-Nevada (4045 South Virginia Street, Reno and 2301 North 48th Street, Lincoln)

– New Mexico (970 Bosque Farm Boulevard, Bosque Farms and 1275 Country Club Road, Santa Teresa)

– Oregon (110 NE Roberts Street, Gresham)

– Pennsylvania (1886 Bethlehem Pike, Flourtown)

-Texas (1420 West Mockingbird Lane, Dallas)

-Washington (1527 Highlands Drive, Issaquah)

Banks in California

In the case of Bank of America, it will only implement the new closures in California. There will be six branches affected.

-2925 Scott Blvd, Santa Clara

-200 Cochrane Plaza

-1275 Vail Street, San Francisco

-3491 Mackey Road, San Jose

-1400 Moraga Road, Moraga

-2049 Century Park East, Los Angeles.