Site plans for the new Bank of America branch were filed with the county in late August.
Amid an ebb and flow of branch openings and closings across the region, Bank of America is looking to build from scratch in the Chesterfield suburbs.
The banking giant is planning a new-construction retail location at 12203 Hull Street Road, just east of Brandermill.
A site plan filed with the county last month shows a 4,600-square-foot branch with drive-thru that would rise on a 1.6-acre site at Hull’s intersection with Bridgewood Road and across from the Walmart and Home Depot-anchored Chesterfield Crossing shopping center.
The property is owned by local developer Rebkee, which has developed several surrounding properties for users such as BJ’s wholesale club and Valvoline Instant Oil Change.
Bank of America confirmed its plans for the site and said it aims to open the branch in the second half of 2024.
“Our financial center network is core to our business and gives us a strategic advantage,” the bank said in a prepared statement. “We constantly adapt our financial center and ATM networks to fit our clients’ changing needs.”
Kimley-Horn is listed as the engineer for the new BofA branch, plans show.
The branch is at least the second new-construction location BofA has in the works in the Richmond region.
Earlier this year it filed plans with Henrico County to construct a from-scratch branch at 5000 W. Broad St. across from the Willow Lawn shopping center on the site of a long-dormant Hardee’s restaurant.
The Bank of America branch on the ground floor of 1111 E. Main St. downtown is set to close next year (BizSense file photo)
It also has been trimming its branch count in the local market, most recently confirming its plans to shutter its lone downtown branch at 1111 E. Main St., on the ground floor of the office tower that bears the BofA name.
And there’s been plenty of branch churn among BofA’s banking competitors locally of late. National player Chase Bank continues its branch opening streak, with another in the works on Iron Bridge Road in Chesterfield.
Wells Fargo has been on a branch closing streak, with three set to close in the coming weeks.
On the credit union front, Hampton Roads-based Langley FCU is opening its first branch in the region by taking over a former Wells Fargo building in Short Pump.
Virginia Credit Union, the largest credit union based in the Richmond region, has yet another branch in the city in the works and is eyeing additional expansion.
Rebkee declined to comment on the BofA Hull Street Road project, other than to say it has one additional outparcel still to develop in the vicinity.
Rebkee bought the property as part of a multi-parcel transaction in September 2021 totaling $4.23 million, county records show. The developer owns around 14 acres along the stretch of Hull between Lonas Parkway and Bridgewood Road.
Site plans for the new Bank of America branch were filed with the county in late August.
Amid an ebb and flow of branch openings and closings across the region, Bank of America is looking to build from scratch in the Chesterfield suburbs.
The banking giant is planning a new-construction retail location at 12203 Hull Street Road, just east of Brandermill.
A site plan filed with the county last month shows a 4,600-square-foot branch with drive-thru that would rise on a 1.6-acre site at Hull’s intersection with Bridgewood Road and across from the Walmart and Home Depot-anchored Chesterfield Crossing shopping center.
The property is owned by local developer Rebkee, which has developed several surrounding properties for users such as BJ’s wholesale club and Valvoline Instant Oil Change.
Bank of America confirmed its plans for the site and said it aims to open the branch in the second half of 2024.
“Our financial center network is core to our business and gives us a strategic advantage,” the bank said in a prepared statement. “We constantly adapt our financial center and ATM networks to fit our clients’ changing needs.”
Kimley-Horn is listed as the engineer for the new BofA branch, plans show.
The branch is at least the second new-construction location BofA has in the works in the Richmond region.
Earlier this year it filed plans with Henrico County to construct a from-scratch branch at 5000 W. Broad St. across from the Willow Lawn shopping center on the site of a long-dormant Hardee’s restaurant.
The Bank of America branch on the ground floor of 1111 E. Main St. downtown is set to close next year (BizSense file photo)
It also has been trimming its branch count in the local market, most recently confirming its plans to shutter its lone downtown branch at 1111 E. Main St., on the ground floor of the office tower that bears the BofA name.
And there’s been plenty of branch churn among BofA’s banking competitors locally of late. National player Chase Bank continues its branch opening streak, with another in the works on Iron Bridge Road in Chesterfield.
Wells Fargo has been on a branch closing streak, with three set to close in the coming weeks.
On the credit union front, Hampton Roads-based Langley FCU is opening its first branch in the region by taking over a former Wells Fargo building in Short Pump.
Virginia Credit Union, the largest credit union based in the Richmond region, has yet another branch in the city in the works and is eyeing additional expansion.
Rebkee declined to comment on the BofA Hull Street Road project, other than to say it has one additional outparcel still to develop in the vicinity.
Rebkee bought the property as part of a multi-parcel transaction in September 2021 totaling $4.23 million, county records show. The developer owns around 14 acres along the stretch of Hull between Lonas Parkway and Bridgewood Road.
It’s worth noting that over the past 5 years BOA has all but abandoned the city proper – the only branch left is Robinson Street.
you do know you can do about 99.999% of your banking transactions via your iPhone?
How about that .0001% time that I Do need to walk into a bank? What do you want me to do then?
Are there any small local credit unions in that area?
VACU does not count. It is not small and acts like a bank.
i’m hoping I won’t have to travel all the way to Brandermill for my SD box???
Yes sorry.Its a shame there no banks left in Richmond.
They’re also building a new BOA branch at the old Hardee’s near Willow Lawn.