Major U.S. Banks Announce New Branch Closures: Full List Inside

According to Lagradaonline, Bank branch closures continue to dominate headlines this October, with the end of the month approaching and no signs of slowing down. In just one week, 35 bank locations have been shut down.

Breakdown of Recent Closures

Not all banks participated in this round of branch shutdowns, but US Bank led the way with the most closures, shutting down 11 locations between October 15 and 22. Wells Fargo and Bank of America each closed six branches, while PNC Bank cut five. Other affected banks included Beverly Bank, Citizens Bank, Fidelity Bank, First National Bank of Omaha, Flagstar, and Chase.

California Hit Hardest

California was the state hardest hit in this wave of closures, losing 9 branches in the recent week alone. This adds to the 86 branch closures across the state that had already occurred from January through September.

Rationale Behind the Closures

A spokesperson for US Bank discussed the reasoning behind the closures, stating, “Client banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity.” They emphasized that as the bank evolves with its clients, it is reevaluating its physical footprint and consolidating branch locations in select markets. Despite the closures, US Bank continues to open and enhance other locations and improve its digital services.

Consumer Reactions to Bank Closures

These branch closures have become increasingly common, with US Bank alone closing 121 locations this year. However, not all customers agree with this trend. Many older citizens struggle with the online banking apps that banks are now using to provide services. Additionally, some transactions can only be completed in person with the assistance of a bank employee.

Trust in Physical Banks

A poll conducted by Self Financial revealed that 39 percent of respondents expressed greater trust in banks with physical branches compared to those without. Furthermore, nearly two-thirds of Americans still rely on physical branches for cash deposits, while over half prefer in-person interactions with advisers.

Also read: Chilling Encounters: Two Bay Area Hotels Ranked as America’s Most Haunted

Summary of Recent Branch Closures (October 15 – 22)

Bank City Location
Bank of America Oceanside, CA 702 Mission Ave
Bank of America Fort Myers, FL 8681 Cypress Lake Drive
Bank of America Ormond Beach, FL 902 South Atlantic Avenue
Bank of America Tampa, FL 2700 West Dr. Martin L. King Jr. Boulevard
Bank of America Nashville, TN 969 South Gallatin Road
Bank of America Hendersonville, TN 451 West Main Street
Beverly Bank & Tr Co Chicago, IL 1908 West 103rd Street
Citizens Bank Philadelphia, PA 8345 Ridge Avenue
Fidelity Bank Tulsa, OK 2222 S. Utica Place
First NB of Omaha Bayard, NE 302 Main Street
Flagstar Bank Jericho, NY 336 North Broadway
JPMorgan Chase Bank Las Vegas, NV 1340 East Flamingo Rd
JPMorgan Chase Bank Houston, TX 4335 Martin Luther King Blvd., Ste B
PNC Bank Albuquerque, NM 2444 Louisiana Blvd NE
PNC Bank Bakersfield, CA 8500 Stockdale Hwy Ste 100
PNC Bank Albuquerque, NM 3500 Candelaria Rd NE
PNC Bank Napoleon, OH 701 N Perry St
PNC Bank Napoleon, OH 801 N Perry St
U.S. Bank Cobden, IL 118 S Front St
U.S. Bank Cambridge, OH 819 Wheeling Avenue
U.S. Bank Blair, NE 1865 Washington St
U.S. Bank Hopkinsville, KY 1101 S Main Street
U.S. Bank Pleasanton, CA 6774 Bernal Avenue, Suite 310
U.S. Bank Wahpeton, ND 502 Second Avenue North
U.S. Bank Maquoketa, IA W Platt & Mckinsey Dr
U.S. Bank San Francisco, CA 3473 California Street
U.S. Bank Mill Valley, CA 453 Miller Avenue
U.S. Bank Humboldt, IA 701 Sumner Ave
U.S. Bank Hayward, CA 27000 Hesperian Boulevard
Wells Fargo Bank Pasadena, CA 655 North Fair Oaks Avenue
Wells Fargo Bank Pleasanton, CA 5798 Stoneridge Mall Road
Wells Fargo Bank Dallas, TX 5809 E. Lovers Lane
Wells Fargo Bank Hickory, NC 200 First Ave. Nw
Wells Fargo Bank El Paso, TX 221 N. Kansas Street
Wells Fargo Bank North Highlands, CA 7477 Watt Avenue

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