Bank of America permanently closes Dilworth branch in Charlotte Mall
Bank of America is permanently closing one of its most central branches in Charlotte, the latest in a series of gradual moves to reduce its local network of physical locations.
The bank is permanently closing its location at 1235 East Blvd. in the Dilworth district, according to recent documents filed with the Office of the Comptrollers of the Currency. The branch is in the Kenilworth Commons shopping centre.
The branch has been temporarily closed for more than two years, Bank of America told the Charlotte Observer in a statement Thursday. It originally closed in March 2020, but the location was just marked permanently closed in documents filed by the OCC this month.
The Charlotte-based bank has closed a number of branches in the city of its headquarters over the past year, as part of a pre-pandemic plan to optimize its physical network as customers do more of their banking online.
Although the branch is centrally located, there are other locations within a few miles, including 751 Providence Road in Myers Park and 301 S. Kings Drive near downtown.
The bank also permanently closed a location at 2950 Union Road in Gastonia, according to a separate filing. The branch was officially closed on July 12, according to the filing.
Closure of Charlotte bank branches
Bank of America has also closed hundreds of sites at national scale.
Local closures this year include a branch on Sharon Road and a university location on Prosperity Church Road, in addition to several closures in the suburbs.
Although several locations have closed, Bank of America still has many branches in Charlotte: 47, according to its website. branch locator.
It is also still Charlotte’s largest bank in terms of deposits: Bank of America holds 62% of deposits in the metropolitan area. Second on the list is Truist, with 16%, and Wells Fargo, with 14%.
These banks also closed. Charlotte-based Truist close a total of 15 local branches over the past year, as part of merger-related efforts to address overlapping SunTrust and BB&T branch networks. The two banks merged to form Truist in 2019.
And Wells Fargo closed a branch in North Charlotte this spring.