Bank of America Is Closing These 15 California Branches in 2024 (2024)

The second-biggest bank in America isn’t exempt from the wave of bank closures sweeping across the nation.

Instead, like most other major banks, Bank of America is in the middle of closing dozens of branches, including dozens in California alone. That means if you like banking at a physical branch, you might soon have to find another location to grow your savings.

Is your closest Bank of America branch shutting down this year? Find out in this list of branches set to close.

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29687 The Old Road, Castaic

Roman Tiraspolsky/Adobe Bank of America Is Closing These 15 California Branches in 2024 (1)

Castaic is losing its one and only brick-and-mortar Bank of America branch on Sept. 24.

Residents will still have access to the Bank of America ATM located inside the Circle K on The Old Road. However, you will have to go online to boost your bank accountor visit a branch in another city for other transactions.

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1401 S. Harbor Blvd., Fullerton

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The Harbor Boulevard location is set to close on Aug. 13. It will be the second Fullerton branch to close its doors this year, as the East Chapman Avenue location shut down at the start of March.

Luckily, Fullerton residents can still visit the Fullerton Main branch, which is also on Harbor Boulevard. Overall, there are four other walk-up ATMs in the city.

1253 A St., Hayward

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After Hayward’s A Street Bank of America branch closes on Aug. 20, consider moving your banking to the location at 24700 Hesperian Blvd., which is slated to remain open.

Hayward will also retain its two Bank of America ATMs. One is at California State University, and the other is at the Lucky supermarket on Santa Clara Street.

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2049 Century Park E., Los Angeles

Anne Czichos/Adobe Bank of America Is Closing These 15 California Branches in 2024 (4)

Los Angeles lost its first Bank of America branch earlier on in the year when the South Eastern Avenue location closed permanently on Jan. 30.

The Century Park East locale will also shutter on Aug. 27, but Los Angeles residents will still have access to dozens of other ATMs and local branches.

619 E. St., Marysville

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Like Castaic, Marysville is losing its only Bank of America branch. The closure is slated for Aug. 13.

Fortunately, Yuba County has plenty of other Bank of America locations, including a main branch in Yuba City. After the closure, Marysville residents should only have to drive a few extra minutes to reach a physical Bank of America branch.

200 Kentucky St., Petaluma

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One of Petaluma’s two Bank of America branches is closing on Aug. 13.

After the Kentucky Street building shuts down, Petaluma residents can still visit the Bank of America financial center at 181 N. McDowell Blvd. in East Petaluma.

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337 Main St., Pleasanton

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After Pleasanton’s Main Street Bank of America branch closes on Aug. 20, residents can still visit the Hacienda Bus Park location at 6005 Stoneridge Drive.

936 G St., Reedley

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Reedley’s sole Bank of America branch is set to close on Aug. 20.

However, if you live in Reedley, you should have easy access to multiple Bank of America locations — including many physical branches and ATMs in Fresno alone.

18120 Sherman Way, Reseda

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Reseda’s two Bank of America ATMs will remain open for the foreseeable future, but its Sherman Way branch will close permanently on Aug. 6.

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101 West Ridgecrest Blvd., Ridgecrest

Roman Tiraspolsky/Adobe Bank of America Is Closing These 15 California Branches in 2024 (10)

Ridgecrest will lose its only Bank of America branch on Aug. 27. After that date, the Bank of America ATM at the Safemart in nearby Tehachapi will be the closest ATM.

Residents might have to travel as far as Barstow to access in-person Bank of America branch services.

8949 Clairemont Mesa Blvd., San Diego

Sundry Photography/Adobe Bank of America Is Closing These 15 California Branches in 2024 (11)

San Diego is losing at least three Bank of America branches over the coming year, including the Clairemont Mesa Boulevard branch.

Kearny Mesa residents can continue to visit this branch until Aug. 27, when doors will officially close.

455 Island Ave., San Diego

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If you live in the Gaslamp Quarter or make a habit of stopping by this branch when you are downtown, you will need to make alternate plans before September: The Island Avenue branch is also shuttering Aug. 27.

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7404 Jackson Drive, San Diego

JHVEPhoto/Adobe Bank of America Is Closing These 15 California Branches in 2024 (13)

Jackson-Hyde Park will lose its main Bank of America location, but not until Dec. 10. That should give residents plenty of time to prepare for the change.

3565 California St., San Francisco

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On July 30, the California Street Bank of America branch will join the many branches that have already closed in the Bay Area this year.

Don’t expect the San Francisco-area closures to slow down anytime soon: By the end of 2024, the region will have seen more than two dozen Bank of America branches close.

1200 Fairmont Drive, San Leandro

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San Leandro’s Fairmont branch is expected to close on Aug. 20. However, residents won’t have to leave city limits to reach a physical Bank of America location.

The San Leandro Industrial Center bank on Marina Boulevard will remain open, as will the San Leandro Main branch on 14th Street. So, you will still have options if you don’t want to open a new bank account with another provider.

Bottom line

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If the California Bank of America branch you typically visit is closing this year, you still have options.

From branches in surrounding cities to online or app-based access, Bank of America should remain available without too much hassle on your end. However, perhaps this is an opportunity to open a new bank account.

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Bank of America Is Closing These 15 California Branches in 2024 (2024)

FAQs

Is Bank of America closing in 2024? ›

This list of Bank of America closures in California is the latest in a series of closures that started in 2023. The hardest-hit region is the San Francisco Bay Area, which will see more than two dozen closures by the end of 2024.

Is Bank of America in financial trouble? ›

Bank of America's Financial Health

In recent years, Bank of America's financial performance has been relatively stable. In 2022, the bank reported a net income of $20.4 billion, a decrease from the previous year's $27.4 billion. However, its revenue increased from $91.2 billion in 2021 to $95.2 billion in 2022.

How many banks have closed in 2024? ›

2024 in Brief

There is 1 bank failure in 2024. See detailed descriptions below. For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

Why are many banks closing some of their branches? ›

Banks often pursue acquisitions of competitors to cut expenses on overlapping staff, services and facilities. The savings support profits. In recent years, closing branches has often proven integral to deal-related cost-cutting.

Why is Bank of America closing all its branches? ›

Last year, Bank of America and other financial institutions closed hundreds of locations. As the main reason for the measure, banks pointed to a change in the banking needs of their clients, since more transactions are currently performed outside physical branches.

Is Bank of America out of state? ›

In commercial banking, Bank of America operates—but does not necessarily maintain—retail branches in all 50 states of the United States, the District of Columbia and more than 40 other countries.

How safe is Bank of America right now? ›

Yes, all Bank of America bank accounts are FDIC insured (FDIC #3510) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

Does China own Bank of America? ›

China doesn't own part of Bank of America. However, the U.S. bank owned a stake in China Construction Bank Corp., which it sold in 2013.

Which is the safest bank? ›

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

What happens to your money if a bank closes? ›

For the most part, if you keep your money at an institution that's FDIC-insured, your money is safe — at least up to $250,000 in accounts at the failing institution. You're guaranteed that $250,000, and if the bank is acquired, even amounts over the limit may be smoothly transferred to the new bank.

Which bank collapse in the US in 2024? ›

The news: Last Friday, Pennsylvania financial regulators seized and shut down Philadelphia-based Republic First Bank in the first FDIC-insured bank failure of 2024.

What happens if my bank branch closed? ›

Visit the Post Office

As usual, you'll need your card and PIN to check your balance, and to withdraw and deposit funds. To pay in cash or a cheque, you'll also still need to complete a paying-in slip.

Which banks are going out of business? ›

San Francisco-based First Republic Bank goes down as the second-largest failure in U.S. history. Santa Clara, California-based Silicon Valley Bank follows at number three on the all-time list and New York City-based Signature Bank is the fourth-largest bank to fail.

Is Bank of America closing in Arizona? ›

Here's how many branches BofA will close by state by the end of 2023 and in 2024: Arizona: Confirmed: 3 (2023)

What is the longest running Bank in America? ›

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

Why did Capital One close so many branches? ›

Citizens, Bank of America, Capital One and Wells Fargo were among the US banks to close a total of 47 branches around the country last week. Banks this year are continuing to shut costly brick-and-mortar locations as the industry increasingly favors online banking.

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