YUCCA VALLEY — The Bank of America in Yucca Valley, the Morongo Basin’s only remaining Bank of America branch, will close Sept. 10, customers learned in email notices Friday.
“The decision to close a financial center is never an easy one, and this one is driven primarily by a decline in transactions as customers increasingly do their traditional banking outside of financial centers,” corporate spokeswoman Colleen Haggerty told the Hi-Desert Star Friday.
Haggerty said the ATMs will remain at the building.
She would not disclose how many people work at the branch. They will not be automatically transferred, but Haggerty said, “They will offered the opportunity to apply for similar open roles within the company or severance packages.”
Bank of America and other financial companies have been closing branches across the country as more customers go online. For almost a year, according to the company’s reports, customers have been making more deposits on their mobile devices than at branches.
CNN Business reported Bank of America has closed more than 1,700 branches in the last decade. Between 2017 and 2018, Bank of America closed 131 branches.
Bank of America reported Thursday that it has more than 37 million digital clients, including more than 27 million active users of its mobile app.
During the first quarter of 2019, clients logged into the Bank of America mobile app 1.5 billion times and deposited 34 million checks via mobile, according to the corporate office.
The corporation joined with other major banks, including Wells Fargo and Chase, to offer a digital payment service called Zelle as it ramped up its digital services while tapering off its physical presence in communities.
Other banks are following suit. Wells Fargo announced last year it would close 800 branches by 2020. Wells Fargo is bolstering its digital offerings, but it also faces billions in legal bills over recent scandals.
Bank of America pulled out its automated teller machines in Twentynine Palms in January to make way for a Starbucks, advising customers to travel to Yucca Valley to bank.
Haggerty told the Desert Trail in January that Bank of America was looking for a new location for its ATMs.