BOA closing its only Brockton branches — but building brand new bank at mall. What we know
BROCKTON — While Bank of America is building a brand new building on Westgate Drive near the mall, the bank announced on its website that it will be closing two branches in the city later this year.
The West Brockton branch at 826 Belmont St. is scheduled to close on Oct. 13, 2023, and the East Brockton branch at 695 Crescent St. will close on Oct. 24, 2023, according to a notice on the bank's website.
According to the plans Bank of America submitted to the city, the branch on Westgate Drive calls for a 4,600-square-foot, free-standing building to be used as a bank with a drive-thru and ATM.
Bank of America did not respond to repeated requests for comment about its plans for the building.
The bank has ATM only locations at 683 Belmont St. and 200 Westgate Drive.
Bank of America also has branches and ATMS locally in Abington, Bridgewater, Easton, Hanover, Holbrook, Randolph, Raynham, Rockland and Stoughton.
Customers can make arrangements to close their safe deposit boxes during regular business hours, according to the bank's website.
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HarborOne also closed its Brockton branch
Bank of America is not the only bank closing a branch in the city.
HarborOne Bank closed its Montello branch on North Main Street on July 7. HarborOne — which at the time was called Brockton Credit Union — opened that branch at 820 North Main St. more than 30 years ago, in 1992.
Harbor One Executive Vice President of Retail Banking Brenda Diepold told The Enterprise in April the move to close the Montello branch was made "purely because customers have been taking advantage of digital transactions."
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South Shore Bank opened a new branch in Brockton
While some banks are closing, another bank is opening in the city.
South Shore Bank celebrated the opening of its new location in Brockton with a ribbon-cutting and reception in June. The event was organized in partnership with the Metro South Chamber of Commerce and held at the new South Shore Bank Brockton Banking Center at 1280 Belmont St.
“We are very excited to be here in Brockton,” said South Shore Bank Chief Executive Officer Jim Dunphy. "We see a lot of upside in the Brockton community and we see tremendous potential here," he said.
This new banking center is a modernized full-service location managed by a local team, providing clients with the "best possible" in-person experience and access to the "most updated banking technologies," including virtual tellers, according to Dunphy.
"We are very excited for the future in this great city,” he said.
Staff writer Kathy Bossa can be reached by email at kbossa@enterprisenews.com. Support local journalism by purchasing a digital or print subscription to The Enterprise today.
This article originally appeared on The Enterprise: Brockton: Bank of America closing Belmont and Crescent street branches
