Bank Of America Financial Center New Britain Ct (2024)

FAQs

What Bank of America branches are closing in CT? ›

Bank of America is closing several branches in Connecticut. The bank will close the Wall Street location in Norwalk, the Cos Cob branch on East Putnam Avenue in Greenwich and the Shippan Avenue location in Stamford. The Farmington Avenue branch in Hartford will also shut its doors.

(800) 432-1000

Bank of America / Customer service

Chair of the Board and Chief Executive Officer.

Headquarters. The principal executive offices of Bank of America Corporation are located in the Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255.

One of the reasons for the closures is the rise of online banking. In recent years, competition has increased against banks that offer only online services. There has also been a drop in transactions at physical branches amid demand for increasingly digitalized and remote banking experiences.

Bank of America, one of the largest banking and financial services brands and corporations in the United States. It was formed through NationsBank's acquisition of BankAmerica in 1998.

Bank of America could be good for personal banking if you want to manage accounts such as checking, savings, CDs and investments in one place. It could also be a good choice for you if you value online and mobile banking, as its mobile app has high reviews.

Can I still go directly to my financial center and meet with an associate without making an appointment? Yes, you can visit a financial center without an appointment. Appointments are a time-saving benefit available to you.

The chat link can generally be found near the bottom of the page or will appear on the right-hand side of the page. Is text chat secure? Yes, chat on our site is secure. We recommend, though, that if you're going to chat with us about potentially sensitive information, make sure your screen is visible only to you.

Who owns Bank of America now? ›

Bank of America is a publicly held company owned by shareholders. Institutional investors own about 59% of its shares. The largest shareholder is Warren Buffett's Berkshire Hathaway, which owns about 13% of the shares.

James Gorman is retiring on top. Morgan Stanley's Gorman, who retired as CEO in January, ends his reign as the highest paid banker on Wall Street, with $37 million. Gorman recaptured the crown from JPMorgan's Jamie Dimon who only got $36 million.

Bank of America's Financial Health

In recent years, Bank of America's financial performance has been relatively stable. In 2022, the bank reported a net income of $20.4 billion, a decrease from the previous year's $27.4 billion. However, its revenue increased from $91.2 billion in 2021 to $95.2 billion in 2022.

To reach live customer service representatives at any time, call either (800) 732-9194 or the number you see on the back of your card. Additionally, you can schedule an in-person or phone meeting with a Bank of America representative online or through the mobile app.

User reports indicate no current problems at Bank of America

Clients can review their account balances and transactions, deposit checks and tranfer money through online banking and mobile banking apps for iPhone, iPad, Android, Windows Phone, Blackberry, Kindle Fire and other mobile operating systems.

BofA expects to reach up to 138 branch closures in 2024, signaling that banks' push to rationalize their physical footprints is a long way from being over. The trend of consolidating branches began around 2010 and has since accelerated following ongoing challenges and labor shortages from Covid-19.

More have closed since then, too. Between Bank of America, Chase, US Bank, Capital One, PNC Bank, Wells Fargo and TD Bank, another 400-plus have already closed in 2024. (Wells Fargo leads the pack with at least 88 bank closure filings, according to the Office of the Comptroller of the Currency.)