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.

(6) comments

Dadof4

Wonderful, another eyesore building like the old PFF. Will Yucca Valley buy this one and turn it into a homeless shelter?

don mckinney

This bank was named " Bank of Italy " . All roads lead to Rome . They plead guilty to money laundering for the drug cartels for ten years and no one went to jail . Why ?

don mckinney

During their bail out by the american taxpayers is when they plead guilty to money laundering . It was in the news papers , small print . Every one does not care , still doing business as usual .

CheRojo

This was the worst B of A branch I ever visited anyway.

booboo77

I thought only one person worked there. There's usually only one teller and at least twenty people on line. Old folks have to stand forever sometimes. A bench to sit on never occurred to them. I can't tell you how many times there's been one teller and at the same time some public relations employee is asking everyone in line "How are you today?" I keep thinking "Why was she hired instead of a second teller?" B of A made 22 BILLION DOLLARS IN PROFIT in 2017. If you overdraw your checking account by ONE CENT they charge you $35 every time. Let's face it- they stink at real banking and excel in ripping off Americans for every dime they can get their greedy paws on. The only good thing about them is that they have free ATM's everywhere. Big Deal.

Benny

So glad I've been with Navy Fed Credit Union since 1986. During the 2008 financial crisis I went in B of A to cash a check. There were huge armed guards, lines out the door, one teller, and they would not allow you to take any money out. The check I had said B of A written on it and they wouldn't cash it unless I paid them $7.00 dollars. Rip off. Thank you for the good laugh when some tagger spray painted " Pay Your Taxes" on their outside wall. lols.

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