Bank of America posted a profit of $3.1 billion in the fourth quarter of 2014, but apparently not enough of it was generated from their branch in Gateway.

The bank will be permanently closing the doors of its branch located at 11691 Gateway Boulevard on June 2, 2015 according to a letter sent to its members. The letter states “fewer customers have been visiting us here and instead are using Online and Mobile banking. We know you bank with us here, and we’re sorry for the inconvenience this closing causes.”

A Gateway Sun reader forwarded us a copy of the letter.

Bank of America (NYSE: BAC) is asking its Gateway-based clients to begin using its branch located at 8081 Dani Drive in Fort Myers, which is approximately 7 miles away from the Gateway location.

You’ll be pleased to know that all is not lost for Bank of America. In a statement that accompanied their 2014Q4 earnings announcement, the bank’s CEO Brian Moynihan said: “In 2014, we continued to invest in our businesses while reducing expenses and resolving our most significant litigation matters. Last quarter, consumer deposits and loan originations were solid; wealth management client balances grew to $2.5 trillion; we increased lending to middle-market and large companies; and we retained a leadership position in investment banking.”

So, they have deposits of over $2.5 trillion. With a ‘t’.

They’re also the second largest bank in the United States based on assets according to a recent report in the Wall Street Journal.

Matthew Daily, BoA’s Media Relations Manager for the Southeast, told the Sun, “We constantly adapt our banking center and ATM networks to fit customers’ changing needs. That includes closing centers where we have overlap and investing in new centers where there’s potential to serve more people. Direct deposits will continue without interruption, and customers will be able to access the bank through our branch on Dani Drive in Fort Myers, ATMs, online, mobile and telephone banking.”

The company is headquartered in Charlotte, NC and has 167,000 employees and over 5,000 branch locations.

Unless another bank opens a local branch, Bank of America’s departure (we almost typed withdrawal) from Gateway leaves our community without an FDIC insured bank branch as of June 2015.


Editor of the Gateway Sun and owner of restaurant delivery service Florida Food Runner.

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