Bank of America has announced the closure of several branches across 10 states in 2025. The bank is shutting down locations in California, Florida, Illinois, Kentucky, Massachusetts, Nevada, South Carolina, Texas, Virginia, and Washington. In California, branches in Grass Valley, San Jose, San Mateo, Davis, Huntington Beach, Camarillo, and San Francisco are set to close between April and December 2025.
The Wellington branch in Florida will shut down in December 2025. Two Illinois branches, in Lake in the Hills and Mundelein, are scheduled to close in January 2025. The Fort Campbell branch in Kentucky and the Las Vegas branch in Nevada will both close in September 2025.
The Lynnfield branch in Massachusetts will close in March 2025, while the Charleston branch in South Carolina is set to shut down in October 2025. In Texas, the Arlington branch will close in September 2025. The Burke branch in Virginia is also scheduled to close in September 2025.
Bank of America closures in 2025
In Washington, three branches in Seattle will close between January and April 2025. Experts have warned that the significant decrease in bank branch numbers could have far-reaching effects on those who depend on physical bank locations.
This trend comes as more customers are opting to do their banking online instead of in person at brick-and-mortar branches. The ongoing trend of bank branches shutting down nationwide has worsened due to the pandemic. In 2023, the US saw the highest number of bank failures since the 2008 recession.
This decline in physical branches can particularly affect elderly customers, who may have greater difficulty using online and mobile banking services. Research also shows that mass shutdowns disproportionately affect banking customers with low incomes, disabilities, or racially diverse backgrounds. According to Self Financial, physical banks may become obsolete in the near future, with some experts predicting the last brick-and-mortar bank potentially closing as early as 2041.
The closure of these Bank of America branches underscores the continuing transformation of the banking industry, as digital banking increasingly becomes the norm.
