Bank of America branch in downtown Wallingford to close

Bank of America branch in downtown Wallingford to close

WALLINGFORD — The Bank of America branch on Center Street will close later this year.

Mathew Daily, a Bank of America spokes-man, said the closure is a consolidation of nearby locations. He does not feel it will  impact clients.

“The (Bank of America) Financial Center is in full service and clients will be able to continue using the branch and ATM until the consolidation is complete,” Daily said. 

Daily said the downtown location will close on Sept. 18. Clients will be able to continue banking at either the 938 N. Colony Road or 35 Washington Ave., North Haven.

Alan Barberino, a Bank of America customer, said he has been going to the bank location since 1975.

“I like it because it’s near the post office. I go into town to the bank and I can get the mail,” Barberino said.

Daily said the growth in online banking was a significant factor in the decision to close the branch location.

”Many clients, both in Connecticut and across the country, have adopted online and mobile banking because of the convenience they provide,” Daily said.

”It’s not a sign of weakness in the local branch but a dynamic shift in how banking is done,” Wallingford economic development specialist Tim Ryan said of mobile banking.

Daily said the fact that there are multiple branches within four miles of the Center Street location also factored into the decision to close the branch.
Twitter: @JenieceRoman

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