Bank of America will close its Stockton location at Park West Place this October.
The company told The Stockton Record via email on Wednesday that they decided not renew their lease at Trinity Parkway when it expires. The Financial Center & Drive-Thru ATM, located at 10834 Trinity Parkway , will permanently close on Oct. 22, company officials stated.
![https://img.particlenews.com/image.php?url=3n0pC6_0uyhEz2300](https://img.particlenews.com/image.php?type=thumbnail_580x000&url=3n0pC6_0uyhEz2300)
The closure is a result of clients managing their finances digitally and the company's constant evaluation of their retail footprint, the company stated.
"The way our clients manage their financial lives and do business with us has rapidly evolved, with 90% of clients interacting with us digitally while the other 10% is via phone and in-person as most transactions can easily be done at ATMs, mobile and online," Colleen Haggerty, a spokesperson for Bank of America wrote. "We will consolidate resources and relocate employees to other nearby financial centers, as well as locate a new ATM."
Haggerty stated they are finalizing plans to locate a new ATM "nearby."
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Emails were sent to customers announcing the upcoming closure in July.
"The nearby financial center at 10834 Trinity Parkway, Stockton, CA you may have visited in the past or where you opened your account," the email states. "Your account will stay the same, and we have specialists ready to provide you with the advice and guidance you need."
Letters were also sent to customers who use the center at least 90 days in advance of the closure, company officials stated.
"Stockton is an important market for Bank of America, where we have served the community for over 105 years," Haggert wrote. "Our financial center network is core to our business, and we currently have five financial centers in Stockton with an additional four in other parts of the county, and we’ve invested into renovating all of these centers in recent years."
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Stockton's location is not the only one closing. About 38 miles from Stockton, the Bank of America Financial Center at 337 Main St. in Pleasanton currently temporarily closed will not reopen.
"This Financial Center will not re-open and will close on [Aug. 20, 2024]" the Bank Of America website states.
According to La Grada, a Barcelona based news company reported in June of " mass closures of 15 Bank of America Branches in California ."
"They started the process a few years ago, but they have ramped up the closings after the pandemic saw an even bigger drop on visits to physical locations and online systems were updated and upgraded to be able to accommodate most of the relevant operations," La Grada reported then.
Bank branch closures included:
- 3565 California St., San Francisco (closed July 30)
- 18120 Sherman Way, Reseda (closed Aug. 6)
- 1401 S. Harbor Blvd., Fullerton (closed Aug. 13)
- 619 E. St., Marysville (closed Aug. 13)
- 200 Kentucky St., Petaluma (closed Aug. 13)
- 1253 A St., Hayward (closing Aug. 20)
- 337 Main St., Pleasanton (closing Aug. 20)
- 936 G St., Reedley (closing Aug. 20)
- 1200 Fairmont Drive, San Leandro (closing Aug. 20)
- 2049 Century Park E., Los Angeles (closing Aug. 27)
- 101 West Ridgecrest Blvd., Ridgecrest (closing Aug. 27)
- 8949 Clairemont Mesa Blvd., San Diego (closing Aug. 27)
- 455 Island Ave., San Diego (closing Aug. 27)
- 29687 The Old Road, Castaic (closing Sept. 24)
- 7404 Jackson Drive, San Diego (closing Dec. 10)
The company encourages clients with safe deposit boxes at the Park West Place location to make an appointment to close or transfer their belongings to a nearby center. To make an appointment call 877-218-8262.
For more Stockton Bank of America locations visit BankofAmerica.com/Locator .
Record reporter Angelaydet Rocha covers community news in Stockton and San Joaquin County. She can be reached at arocha@recordnet.com or on Twitter @ AngelaydetRocha . To support local news, subscribe to The Stockton Record at https://www.recordnet.com/subscribenow .
This article originally appeared on The Record: Bank of America will close permanently at Park West Place in October
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