Bank of America closing 100 branches, including 1 in N.J. (2024)

UPDATE: There is only one branch closure that closed in 2023, not four as was originally stated. We regret the error.

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Bank of America is closing more than 100 branches in the U.S. by the end of this year, including one location in New Jersey.

The bank, with its headquarters in Charlotte, North Carolina, has already closed 95 branches this year and plans to close 15 more by the end of 2023.

Bank of America plans to close up to 134 branches by 2024, showing that the bank is looking to decrease their retail banking footprint.

The trend of closing down physical bank branches has been going on since 2010 and has accelerated since the onset of the COVID-19 pandemic, which caused labor shortages and decreased foot traffic.

Although Bank of America is closing down physical branches, it is trying to meet customer demand for online banking options.

Here is the list of bank branches along with their locations that Bank of America has closed or plans to close in New Jersey in 2023 and 2024:

Branches in New Jersey that have already closed, according to the Office of the Comptroller of the Currency:

• 288 North Broad St., Elizabeth

Branches in New Jersey that are scheduled to close within the next year, according to the Office of the Comptroller of the Currency:

• 3140 Princeton Pike, Lawrence Township
• 296 Summerhill Road, Spotswood
• 904 River Road, New Milford

There is also one additional branch in Hoboken that is relocating to another part of the city. According to the Office of the Comptroller of the Currency, those addresses are below:

Old Address: 1 Firehouse Plaza, Hoboken

New Address: 55 Washington Street, Hoboken

These are the numbers of remaining bank branches in each state that Bank of America has closed or plans to close down in 2023 and 2024, according to the Charlotte Business Journal:

Arizona:

• 3 confirmed (2023)

California:

• 32 confirmed; 4 planned (2023)
• 11 planned (2024)

Connecticut:

• 2 planned (2024)

District of Columbia:

• 1 planned (2023)

Florida:

• 4 confirmed; 2 planned (2023)
• 1 planned (2024)

Georgia

• 2 confirmed (2023)

Illinois:

• 3 confirmed (2023)

Massachusetts:

• 5 confirmed; 1 planned (2023)
• 1 planned (2024)

Maryland:

• 3 confirmed; 1 planned (2023)
• 2 planned (2024)

Michigan:

• 3 confirmed (2023)
• 1 planned (2024)

Missouri:

• 2 confirmed (2023)

North Carolina:

• 3 confirmed (2023)

New Hampshire:

• 1 confirmed (2023)

New Jersey:

• 4 confirmed; 1 planned (2023)

Nevada:

• 2 confirmed (2023)
• 1 planned (2024)

New York:

• 3 confirmed; 3 planned (2023)
• 1 planned (2024)

Oklahoma:

• 1 confirmed (2023)
• 1 planned (2024)

Oregon:

• 4 confirmed (2023)

Pennsylvania:

• 1 confirmed; 1 planned (2023)

South Carolina:

• 1 confirmed (2023)

Tennessee:

• 1 confirmed (2023)

Texas:

• 9 confirmed; 1 planned (2023)

Virginia:

• 3 confirmed (2023)
• 2 planned (2024)

Washington:

• 6 confirmed (2023)
• 2 planned (2024)

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Katherine Rodriguez can be reached at krodriguez@njadvancemedia.com. Have a tip? Tell us at nj.com/tips.