Thursday, December 20, 2012

Bank of America to close Cherryville branch

Bank of America will close its branch on Main Street in the Gaston County town of Cherryville.

The bank said it decided to shut the branch down March 8 because of a decline in transactions caused by a shift to online and mobile banking.

The nearest branch is in Lincolnton, about 10 miles away. Bank of America has sent out letters to customers who use the Cherryville branch to give them a chance to get used to other locations.

It will be the second local Main Street branch to close that day. The bank's branch on Main Street in Rock Hill is also closing.

Bank of America CEO Brian Moynihan said in an interview with the Observer on Wednesday that even though the bank is closing branches to reflect customer habits, it is making those that remain bigger and with more specialists.

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