Closing The Bank

By  | 

It's one of the oldest cities in the West, and while it may be historic, it's not untouched by modern day convenience.
But, one convenience could soon go away.
In 1859, Virginia City was occupied by only a few people, with only two or three houses in the city limits.
Just one year later, after the Comstock load started the cash flow, Virginia City could pass itself off with every convenience of a metropolitan town.
Now this town relies mostly on tourists, but despite it's small town appearance, it's also growing.
John Dustman, of Gold Hill, says the growing community should prove why they need a local bank.
"I'm very upset. It's the only bank in town. It means you have to drive 25 miles or spend an hour and a half to go out and do your banking. It's just not convenient."
Thomas Curl agrees, saying it's just plain inconvenient.
"I do a lot of construction work up in this area and we're always in and out of this bank, whether I'm working for this contractor or that contractor and now it's very inconvenient."
And business owners say the move will hit them hard.
Virginia city businesses have relied on Bank of America for the last 23 years.
But the company says it needs to close 100 low-volume centers across the US, although it plans to build 100 new centers.
Alexandra Muntean-Musser, with Comstock Real Estate, uses the bank everyday.
"We make trust deposits, escrow deposits, deposits on behalf of our clients. We have many local venders... so, we are not in a position to drive down to Carson City of Reno, which is an hour to an hour and a half of our day, in order to transact everyday type business... now we've arrived and we're losing our bank."
The bank officially closes the branch on September 23, but they have yet to decide whether or not to let the one ATM in town stay.