Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.609.3285 Email: editor@mtnviewsnews.com Website: www.mtnviewsnews.com 
SATURDAY, MAY 8, 2021 
55+ 
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When the pandemic shutdown to 
walk-in customers and personal 
banking in 2020, Bank of America 
recently announced the permanent 
closing of the Sierra Madre Branch 
at 350 W Sierra Madre Blvd. All 
business will cease at the facility, 
including ATM access, on August 
10, 2021. This week customers 
began receiving notifications of the 
closure and signs were posted with 
the sad news on the front door. 
No representatives of B of A were 
available for comment at press time 
and the reasons for the closure, 
given the current recovery from 
the Pandemic, is wide open for 
speculation. 
A question more frequently asked 
by customers than ‘why’ was, “what 
will be done with what is the largest 
commercial building in the city?” 
Constructed in 1964 on the corner 
of Lima and Sierra Madre Blvd., 
the branch has been serving the 
community for 26 years. First 
opened in 1965, the two story, 
9,070 square foot building became 
a landmark as one approached City 
Hall and downtown Sierra Madre. 
Originally founded in San Francisco 
in 1904 as Bank of Italy by Amadeo 
Pietro Giannini, it provided Italian 
immigrants who faced service 
discrimination various banking 
options. Giannini acquired Banca 
d’America e d’Italia (Bank of 
America and Italy) in 1922*. It 
has since become the second 
largest banking institution in 
the United States, second only to 
JP Morgan Chase. It is also the 
eight largest bank in the world. 
In 1998, its headquarters moved 
out of California to Charlotte, 
North Carolina. (*Source Bank of 
America - Wikipedia) 
Needless to say, the closure of 
the Sierra Madre Branch has 
devastated local customers who 
live and work in the city, including 
many Sierra Madre businesses who 
relied on the ability to take care 
of their banking needs without 
leaving town. 
The probability that technology 
may have had an impact on the 
decision seems likely. Even though 
online banking has been slowly 
growing in popularity over the 
last 10 years, the Pandemic almost 
made online banking mandatory. 
Pre-pandemic, the decrease of 
walk-in customers has been 
declining and there appears to be 
no turning back the very real that 
impact of modern technology is 
having on ‘the way things were’. 
So, while many are anxiously 
awaiting things to ‘get back to 
normal’, one thing is certain. There 
will be not return to Sierra Madre 
in person banking at B of A. 
Story and Photo 
S. Henderson/MVNews 
SIERRA MADRE BANK OF AMERICA BRANCH CLOSING 
On Tuesday, May 11th, the city council will hear the Second Reading 
of Ordinance 1441 amending the Sierra Madre Municipal Code will 
change the Sierra Madre Municipal Code (SMMC) to make Family 
Day Care Homes, Modular and Manufactured Homes, Transitional 
and Supportive Housing a permitted use within all residential zoning 
districts; to make supportive housing a Use By Right in Multi-Family 
zones and to amend Emergency Shelter Parking Requirements 
pursuant to state law. 
The Ordinance will bring the city into compliance with a number 
of recently passed state laws aimed at addressing the state’s housing 
shortage. The legislation is currently in effect, however the Sierra 
Madre’s Municipal Code has to be brought into compliance. 
The specifics include: (from staff reports) 
(continued on page 3) 
COUNCIL SET TO ADOPT 
STATE MANDATES 
REGARDING RESIDENTIAL 
ZONING 
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invest in campus technology, and enhance 
enrichment opportunities. 
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