Print
Banking & Finance

Bank Of America To Close Downtown Wilmington Branch

By Jenny Callison, posted Jun 7, 2019
Bank of America plans to close its North Third Street branch next year.
Bank of America has announced that it is closing its downtown Wilmington branch effective Jan. 28, 2020. The news was sent first via email Friday morning to customers affiliated with that branch – or financial services center, as the bank terms its locations – at 319 N. Third St.
 
Accounts at the downtown branch will be transferred to Bank of America's closest financial center, which is at 3305 Oleander Drive in Hanover Center, according to Jennifer Darwin, Bank of America's senior vice president of corporate communications.  
 
"We will also continue to direct customers to our other location in the University area at 502 S. College Rd.," Darwin said in an email Friday. "Customers who opened accounts or transact regularly at the center were mailed letters this week and information is being distributed in the financial center."

The building, which is owned by River Bend #1 LLC, was built in 2008 and has several other tenants including fintech firm Apiture and law firm Cranfill Sumner & Hartzog.
 
In her communication, Darwin acknowledged how customers' changing banking behavior is affecting decisions about brick-and-mortar locations.
 
"Every day, more customers use their mobile phone or online banking to do their basic transactions, and they come into our centers when they want advice and guidance for their more complex needs," she wrote. "In some instances, this has resulted in the consolidating of financial centers, like this one. Our decision here is really based on the need to balance customer preference and opportunities for growing our business. We make every effort to accommodate employees at our other locations and within the company."

Darwin confirmed that the remaining eight Bank of America financial centers in Brunswick, New Hanover and Pender counties, as well as two in Onslow County, will remain in operation. The bank also maintains 32 ATM locations in that four-county area.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

CIE Launches a Proven Program to Propel Startup Success

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Hardy revised

The Clinical Research Industry Needs Professionals Like You

Charles Hardy - UNCW College of Health and Human Services
Chris coudriet

Your Tax Dollars are Being Spent Wisely

Chris Coudriet - New Hanover County Government

Trending News

City Staff Recommends Rejecting Only Proposal For Castle St. Redevelopment Project

Christina Haley O'Neal - Jul 12, 2019

NCino Expands In North America

Jenny Callison - Jul 12, 2019

In The Current Issue

Group Aids Students, Teachers

“Every year, education [funding] gets cut,” said Superintendent Steven Hill, speaking of allocations from the state legislature. “It’s harde...


BB&T, SunTrust Announce Merged Name

The new name, announced June 12, reflects a common thread from both banks, as each has the word trust as part of its name....


Growing Local: Sea Tow To The Rescue

Wrightsville Beach Sea Tow Capt. Chris Willis said, “We can have close to 50 calls come in on a busy day, not a holiday or anything like tha...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Health Care Heroes 2018