Mammoth B of A to close Friday

bankofamericaAfter many years of service to the Mammoth Lakes community, the Bank of America will shut its doors on Friday.

That announcement came out after the first of the year. Colleen Haggerty of Bank of America Media Relations had said that after careful consideration, bank officials decided to close the long-time branch. She said such decisions are “driven primarily by a decline in transactions as customers increasingly rely on other channels such as mobile and online banking.” The decision means a loss of local jobs and a loss of services.

Haggerty pointed to the use of technology and said that Bank of America customers everywhere are using their mobile phones to log into their accounts 120 million times per month. She said they deposit 100,000 checks via Mobile Check Deposit daily and transfer $2 billion per week. They pay bills through mobile phones, and B of A also has a mobile app frequently used. All of this means the brick and mortar bank has fewer customers.

Haggerty explained that the lease at the Mammoth Bank of America expires this month which offered a chance to “assess the longevity of the banking center and a timeline for closure.” Haggerty said Bank of America will remain an ATM in Mammoth. She said customers can still access all deposits and account services online, by mobile phone or at other banking center locations like Bishop. It was expected that customers would also seek out other banking institutions for local, walk-in service in Mammoth Lakes.


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22 Responses to Mammoth B of A to close Friday

  1. ferdinand lopez May 2, 2014 at 9:56 am #

    you gotta have a free cell phone to find out when your welfare check is going to arrive,and when the next shipment of govt. cheese is coming

  2. Ken Warner May 2, 2014 at 9:35 am #

    It’s all part of the corporatocracy’s effort to get everybody online all the time so their location can be tracked and pointed ads can be delivered for businesses in the immediate area. The ideal American is a 24/7 consumer of goods and services. We’ve a long way to go but they are working on it. Soon they will be building contact lenses with small screens to constantly deliver ads so you are never without options for consuming — even in your sleep.

    • Reality Check May 2, 2014 at 2:24 pm #

      Ken, really! The Daily Kos as a source??? Same as Pravda

      • Ken Warner May 2, 2014 at 6:11 pm #

        Really? You never saw a Tom Tomorrow cartoon before?

        Talk about pearls before swine…

  3. Eastside Bum May 1, 2014 at 10:00 pm #

    Back to the main subject, can’t B of A recognize it’s traditional customers who enjoy going to cash their paychecks in person on a Friday afternoon?? What if someone had a problem with their account that they could not handle over the automated phone system? This is one more stab in the back for those who need real customer service.

    I wonder why the “prepackaged” excuse was given over the news releases, regarding the numbers of customers who “bank by mobile phone or computer. I believe, this was to marginalize the older customers who aren’t techno-geeks or not part of the “millennial generation”.

    At least the Bishop branch will still be open, along with an oversize building to handle the “Mammoth Lakes crowd”.

    • WAKE UP FOLKS May 3, 2014 at 1:28 pm #

      Now you folks complain.

      I tried to gain support but nobody cared.
      The reason Bof A got away with this closing is that they really did not know who their depositors were. The was I see it and this was confirmed. Is that Most of the big depositors did not open their accounts in Mammoth. So an auditor in Bof A would not use those accounts in their profitability of this local branch. Secondly all the accounts closed from Mammoth people at B of A now or in the near future because the branch closed will not reflect upon the bottom line of the Mammoth Branch . Bof A will never no the cause and effect. There for the person in charge of the closure would never be at fault for losing those deposit accounts when the bank closed.

      • Ken Warner May 3, 2014 at 2:32 pm #

        The people who don’t care are sitting in their comfortable corporate office. You can’t fight big money.

  4. Tinner May 1, 2014 at 3:14 pm #

    Wow, I got my first checking account there when I was just a puppy back in the late 80’s.
    Holy cow, has it been that long?!!

  5. Mr. Pickles May 1, 2014 at 12:05 pm #

    It would of been nice if this article told us that B of A is still going to have atm’s and where they will be located. FYI. They have already installed atms at the Vons shopping center.

    • Ally Bank May 1, 2014 at 2:41 pm #

      Come bank with me…. I have a great app for those who have smartphones and you can use any ATM anywhere you see one for Free…… I also do Direct Deposit and Check by phone deposits.

    • Sierra Lady May 2, 2014 at 11:34 pm #

      ^ The two new B of A ATM ‘s are located in the Minaret Village Shopping Center (Vons) inside the old Heart in Hand location between The Booky Joint and Another T-Shirt Shop. Those will be the only B of A ATM’s in Mammoth Lakes now.

      B. Richter

  6. Luke May 1, 2014 at 8:51 am #

    Awesome, now a new marijuana shop can go there 🙂

  7. Verizon May 1, 2014 at 8:39 am #

    Thanks no excuse Ken… Obama give them out for free.

    • Ken Warner May 1, 2014 at 9:41 am #

      Dear Verizon: Can you provide details of how I can get one and how much a month I would have to pay to use my bank account?

      • Verizon May 1, 2014 at 2:37 pm #

        Just Google it…

        • Ken Warner May 1, 2014 at 5:16 pm #

          Thank you. I didn’t know that program existed. But I don’t qualify. I’m not poor enough. But the 12 million who did get those cell phones are probably very grateful.

          “It began as a landline telephone program in rural areas – and a few years ago made it added cell phones to eligibility. It’s been commonly called the “Obama phone” because if it’s recent popularity and increased need lately, but it’s an urban legend that Obama provides it because the free cell phones under this program were actually added under the Bush Administration, and by Reagan before that for landlines. “

        • WOW May 1, 2014 at 8:23 pm #

          Cell phones for the homeless. I guess they need a way to stay in touch. a few weeks ago I was in L.A. at a FWY Offramp. I saw a supposed homeless person chatting on her phone. She had several shopping carts and a sign asking for money. .

    • RAM May 1, 2014 at 11:45 am #

      FIFY Verizon

      That’s no excuse Ken.. Obama gives them out for votes

      • Ken Warner May 1, 2014 at 3:09 pm #

        Only in your dream world…

  8. Ken Warner April 30, 2014 at 6:51 pm #

    Dear Ms. Colleen Haggerty,


    • erik simpson May 1, 2014 at 8:42 am #

      That reminds me of a story (probably apocryphal) about a guy in NYC who left a note on his car door: “I don’t have a radio”. The next day he dicovered the window broken and an addition to
      his note: “so get one!”.

      Good luck.

      • Ken Warner May 1, 2014 at 9:40 am #


        So in this case, who would be the thief eager to break my bank account?


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