One of America's biggest banks has shut more than 100 branches in just months - here's the full list

Bank of America has closed much than 100 of its branches truthful acold this year. 

It comes amid an ongoing bloodbath of nationalist slope branch closures that has seen more than 500 section services shuttered since January. 

Bank of America, however, has closed much than immoderate different awesome bank, accounting for astir a 5th of each closures successful 2024. Scroll down for nan afloat searchable database pinch addresses.

The closures, which banks must study to national regulator, correspond a inclination arsenic awesome banks move distant from expensive brick-and-mortar branches in favour of online services. 

Bank of America told DailyMail.com besides said nan slope had conscionable completed a 3 twelvemonth task to modernize their on-the-ground- footprint successful America. 

A spokesperson for nan slope acknowledged nan closures but explained that nan corp still operated astir 3,800 financial centers.

Bank of America also tends to consolidate two branches into 1 erstwhile location is simply a close, nan spokesperson said.

When we adjacent a financial center, galore times we consolidate 2 centers into 1 caller financial center' they explained. 

'These shifts successful our branch web bespeak that, much and more, our clients are utilizing integer banking for their mundane financial needs and coming into financial centers for much important needs aliases to person conversations astir their finances,' nan spokesperson added. 

Indeed, recent study by GOBankingRates recovered that moreover retirees for illustration online banking to in-branch services. 

Overall 78 percent of Americans for illustration utilizing mobile and online banking and almost 1 successful 4 did not sojourn their slope successful nan past year. 

'The mostly of Americans, from Gen Z to boomers, are successful little request of a accepted bank, which whitethorn explicate nan rising number of beingness branches that person been closing complete nan past year' Andrew Murray, lead information interrogator astatine GOBankingRates told DailyMail.com. 

'Our study of much than 1,000 adults intelligibly shows that request for in-person banking is debased crossed each generations, moreover boomers 65 and older,' Murray explained. 

'It's apt that overhead costs (rent, maintenance, supplies and unit salaries) are a ample facet particularly fixed that our study shows really infrequently group sojourn ceramic and mortar banks.' 

Indeed closures tin lead to important savings since nan mean freestanding slope branch costs astir $2.6 cardinal a twelvemonth to run.

Banks must study each planned closures and openings to the Office of nan Comptroller of nan Currency (OCC), a national banking regulator.