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Bank to close Coulee Dam branch

 


The Coulee Dam branch of Bank of America will close its doors Aug. 23, corporate officials stated in notices distributed recently,

Notices to business and regular customers started going out April 19, and customers have been referred to other BofA branches in Moses Lake and Omak.

Local branch manager Michelle Bredstrand confirmed the closing date and referred queries to the bank’s Seattle headquarters.

Media representative Britney W. Sheehan told The Star that discussions are going on now to see if the bank can help employees find placement in other branches.

Sheehan said that the closing is part of a plan announced two years ago to close 750 Bank of America financial centers across the country.

She said that the bank is in that process now. She couldn’t say how many banks are earmarked for closing this year.

Bank of America located here several years ago replacing SeaFirst Bank, which had decided to close its Coulee Dam branch.

Federal Deposit Insurance Corporation report states that the Coulee Dam branch had just over $15 million in deposits.

 

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