Bank of America has filed paperwork with federal regulators to close a regional branch.
The North Carolina-based banking chain has filed documents with the independent US Treasury Department Office of the Comptroller of the Currency saying it will close its location along South Oxford Valley Road in the center Queen Anne Plaza commercial in the Fairless Hills section of Bristol Township.
Bank of America said the location will permanently close Oct. 25. He advises residents to close safes during branch opening hours.
The Philadelphia Business Journal reported that Bank of America has 78 locations in the Philadelphia area. It recently closed locations in Montgomery County, Philadelphia, and Ocean City, New Jersey.
Bank of America has spent time over the past decade closing branches in the region.
The bank is the region’s fourth-largest deposit taker, the Philadelphia Business Journal reported.
The pandemic has forced consumers to become more involved in virtual and mobile banking options, which has accelerated the trend of major banks consolidating their locations.
Bank of America operates an existing branch at the Oxford Valley Marketplace on East Lincoln Highway and several ATMs in the area. Outside of the Levittown area, the bank has nearby branches in Bensalem Township, Lower Southampton Township, Newtown Township and Trenton.
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