Now, 15 Bank of America branches are scheduled to close in October, continuing a trend that has been ongoing all year.
The second-largest American bank, with approximate revenues of over $2.5 trillion, stated this month that it would close 15 additional branches in 6 states, according to The-Sun.
As more consumers switch to app-based banking, the corporation has tried to close down locations with multiple branches in the same city.
Bank branches have been closed as an outcome of the strong challenge that online-only banks have posed for traditional banks.
Based on recent data from S&P Global Market Intelligence, over 1000 bank branches have closed this year.
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