Bank of America will close its Stockton location at Park West Place this October.
The company told The Stockton Record via email on Wednesday that they decided not renew their lease at Trinity Parkway when it expires. The Financial Center & Drive-Thru ATM, located at 10834 Trinity Parkway , will permanently close on Oct. 22, company officials stated.
The closure is a result of clients managing their finances digitally and the company’s constant evaluation of their retail footprint, the company stated.
“The way our clients manage their financial lives and do business with us has rapidly evolved, with 90% of clients interacting with us digitally while the other 10% is via phone and in-person as most transactions can easily be done at ATMs, mobile and online,” Colleen Haggerty, a spokesperson for Bank of America wrote. “We will consolidate resources and relocate employees to other nearby financial centers, as well as locate a new ATM.”
Haggerty stated they are finalizing plans to locate a new ATM “nearby.”