MASON CITY – A downtown Mason City bank is closing its doors.
In a letter to customers, Bank of America says it is closing its branch located at 25 West State Street.
NIT called the bank and spoke to a bank employee, Alicia. When asked why the bank is closing, she said she was told “Mason City just isn’t growing or adding any new business here.”
There appear to be only 7 Bank of America locations in the entire state of Iowa. The other 6 locations are all in the Des Moines metro area.
The bank closes August 23, 2016, it claims, in a letter to customers.
There has been speculation that the city may use the Bank of America building/property for its planned “Renaissance” project which involves a hockey arena right next door in the former JC Penney store. A number of calls to point-man its council member Alex Kuhn have not been returned, seeking comment on this matter and others.
