Massive bank branch closures in the US – Check here to see if your bank is affected

By Oliver

Published on:

Massive bank branch closures in the US – Check here to see if your bank is affected

Every day it seems like a new bank branch closes, and that feeling isn’t just a thought. In the first two weeks of October alone, 46 local branches of US banks closed for good. There will be a lot more before the end of the year.

Citizens Bank shut down fifteen branches in just two weeks, which was the bank that closed the most this time. Huntingdon closed eleven stores, U.S. Bank closed nine, and Bank of America, Wells Fargo, First National Bank of Texas, and Chase all closed one.

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These sites are added to the 754 bank branches that have closed in the first nine months of the year. The closures are spread out, but Illinois and Pennsylvania have been hit hard in October, with eight and seven, respectively.

If this rate of closings keeps up, there could be over 1,000 bank offices across the country without customers by the end of the year. Even scarier, researchers at Self Financial looked at data on net closures, which have been about 1,646 per year since 2018, and came to the conclusion that the very last bank branch in the U.S. could close by 2041.

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All of this is just a guess, but with the rise of online banking, the need for real locations has gone down a lot. A representative for U.S. Bank told DailyMail.com, “Clients’ banking habits and preferences are changing. For example, they are quickly moving to digital and mobile banking platforms and want things to be easier.”

Our physical footprint is being looked at again, and in some cases, branch locations are being merged in some areas as we change with our clients. We are closing some branches, but we are still opening and improving others, and we are also quickly improving our internet services.

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Massive bank branch closures in the US – Check here to see if your bank is affected
Source (Google.com)
List of bank branches that closed during the first fortnight of October
Bank City Location
Bank of America 

Bank of America

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Bank of America

Bank of America

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Citizens Bank

Citizens Bank

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Citizens Bank

Citizens Bank

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Citizens Bank

Citizens Bank

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Citizens Bank

Citizens Bank

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Citizens Bank

Citizens Bank

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Citizens Bank

Citizens Bank

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Citizens Bank

Citizens Bank

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Citizens Bank

First NB Texas

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Huntington

Huntington

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Huntington

Huntington

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Huntington

Huntington

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Huntington

Huntington

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Huntington

Huntington

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Huntington

JPMorgan Chase

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U.S. Bank

U.S. Bank

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U.S. Bank

U.S. Bank

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U.S. Bank

U.S. Bank

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U.S. Bank

U.S. Bank

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U.S. Bank

Wells Fargo

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Wells Fargo

Wells Fargo

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Wells Fargo

CHICAGO 

LONG BEACH

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BOSTON

BEVERLY HILLS

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PARMA

Philadelphia

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Pittsburgh

NASHUA

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Dillsburg

Hyde Park

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TAYLOR

BELMONT

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BURLINGTON

BELLINGHAM

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Pittsburgh

New Kensington

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WESTLAND

Philadelphia

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RUMFORD

SCOTTSDALE

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CHICAGO

Elyria

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Port Huron

INDIANAPOLIS

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Canfield

Dorr

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CHICAGO

ST. BADEN

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ARLINGTON HEIGHTS

OAK LAWN

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LOMBARD

PEORIA

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MESA

GILBERT

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CHICAGO

Quincy

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Richmond

MINNEAPOLIS

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SPOKANE

FARMINGTON

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PLACERVILLE

CHANTILLY

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South Gate

MEMPHIS

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NEW YORK

49 East Chicago Avenue 

6351 East Spring Street

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133 Massachusetts Avenue

8760 Wilshire Boulevard

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7450 Broadview Road

2497 Aramingo Avenue

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4570 Fifth Avenue

122 Northeastern Blvd

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4 South Baltimore Street

1025 Truman Parkway

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7000 Monroe Blvd

535 Trapelo Road

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248 Middlesex Turnpike

70 Pulaski Blvd

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712 Washington Road

200 Tarentum Bridge Road

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200 Merriman

8345 Ridge Avenue

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275 Newport Avenue

15355 Noth Northsight Bvd

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7530 S. Stony Island

860 East Broad Street

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1527 Hancock

9075 N. Meridian St.

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3801 Boardman Canfield Road

1604 142nd St.

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29 East Madison, Suite 150

1685 W. State

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440 E. Rand Road

8801 S. Ridgeland Avenue

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1177 S. Main Street

125 Ne Jefferson Avenue

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3622 East Southern Avenue

5137 East Baseline Road

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209 South Lasalle Street

20 E. Main Street

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521 Lancaster Avenue

219-19th AvSouth, Suite 140

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East 3001 29th Avenue

1316 North Highway 89

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3955 Missouri Flat Road

14430 Chantilly Crossing Lane

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4703 Firestone Blvd.

6445 Poplar Ave

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535 Seventh Avenue

 

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