Norwood Bank Branches Face Pending Closures
Norwood’s East 204th Street commercial strip is currently home to four banks. By October, that will whittle down to two, making it a little tougher for residents to cash checks, deposit monies, or get a certified bank money order. It also adds to the ongoing trend of a borough that’s unbanked. Two of the banks–the Chase Bank at 311 E. 204th St. and Bank of America at 299 E. 204th St., occupying an baroque-influenced storefront just near Bainbridge Avenue–will close its doors, a move where low foot traffic and relatively closer banks are to blame. Bank of America customers will
