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.
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.
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.
List of bank branches that closed during the first fortnight of October
Bank | City | Location |
Bank of America
Bank of America Advertisement
Bank of America Bank of America Advertisement
Citizens Bank Citizens Bank Advertisement
Citizens Bank Citizens Bank Advertisement
Citizens Bank Citizens Bank Advertisement
Citizens Bank Citizens Bank Advertisement
Citizens Bank Citizens Bank Advertisement
Citizens Bank Citizens Bank Advertisement
Citizens Bank Citizens Bank Advertisement
Citizens Bank First NB Texas Advertisement
Huntington Huntington Advertisement
Huntington Huntington Advertisement
Huntington Huntington Advertisement
Huntington Huntington Advertisement
Huntington Huntington Advertisement
Huntington JPMorgan Chase Advertisement
U.S. Bank U.S. Bank Advertisement
U.S. Bank U.S. Bank Advertisement
U.S. Bank U.S. Bank Advertisement
U.S. Bank U.S. Bank Advertisement
U.S. Bank Wells Fargo Advertisement
Wells Fargo Wells Fargo Advertisement
Wells Fargo |
CHICAGO
LONG BEACH Advertisement
BOSTON BEVERLY HILLS Advertisement
PARMA Philadelphia Advertisement
Pittsburgh NASHUA Advertisement
Dillsburg Hyde Park Advertisement
TAYLOR BELMONT Advertisement
BURLINGTON BELLINGHAM Advertisement
Pittsburgh New Kensington Advertisement
WESTLAND Philadelphia Advertisement
RUMFORD SCOTTSDALE Advertisement
CHICAGO Elyria Advertisement
Port Huron INDIANAPOLIS Advertisement
Canfield Dorr Advertisement
CHICAGO ST. BADEN Advertisement
ARLINGTON HEIGHTS OAK LAWN Advertisement
LOMBARD PEORIA Advertisement
MESA GILBERT Advertisement
CHICAGO Quincy Advertisement
Richmond MINNEAPOLIS Advertisement
SPOKANE FARMINGTON Advertisement
PLACERVILLE CHANTILLY Advertisement
South Gate MEMPHIS Advertisement
NEW YORK |
49 East Chicago Avenue
6351 East Spring Street Advertisement
133 Massachusetts Avenue 8760 Wilshire Boulevard Advertisement
7450 Broadview Road 2497 Aramingo Avenue Advertisement
4570 Fifth Avenue 122 Northeastern Blvd Advertisement
4 South Baltimore Street 1025 Truman Parkway Advertisement
7000 Monroe Blvd 535 Trapelo Road Advertisement
248 Middlesex Turnpike 70 Pulaski Blvd Advertisement
712 Washington Road 200 Tarentum Bridge Road Advertisement
200 Merriman 8345 Ridge Avenue Advertisement
275 Newport Avenue 15355 Noth Northsight Bvd Advertisement
7530 S. Stony Island 860 East Broad Street Advertisement
1527 Hancock 9075 N. Meridian St. Advertisement
3801 Boardman Canfield Road 1604 142nd St. Advertisement
29 East Madison, Suite 150 1685 W. State Advertisement
440 E. Rand Road 8801 S. Ridgeland Avenue Advertisement
1177 S. Main Street 125 Ne Jefferson Avenue Advertisement
3622 East Southern Avenue 5137 East Baseline Road Advertisement
209 South Lasalle Street 20 E. Main Street Advertisement
521 Lancaster Avenue 219-19th AvSouth, Suite 140 Advertisement
East 3001 29th Avenue 1316 North Highway 89 Advertisement
3955 Missouri Flat Road 14430 Chantilly Crossing Lane Advertisement
4703 Firestone Blvd. 6445 Poplar Ave Advertisement
535 Seventh Avenue |