This October, bank office closings are still in the news. Even though the end of the month is coming up, they haven’t slowed down. In just one week, 35 sites have been closed.
In this round of branch closings, not all banks were involved. US Bank had the most, closing 11 locations between October 15 and 22. Wells Fargo and Bank of America each closed six stores, and PNC closed five. Most of the rest were spread out among Chase, Fidelity Bank, Beverly Bank, First National Bank of Omaha, and Flagstar.
California was the worst affected by this move to cut back. Nine branches were closed just this week, on top of the 86 branches that closed across the state between January and the end of September.
A US Bank representative talked to DailyMail.com about the closings and gave their thoughts. “Customers’ 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.
US Bank has closed 121 locations just this year, so it seems like closing branches like this is now the norm. However, some customers don’t agree with the policy. A lot of older people have trouble with the online apps that banks now use to run their businesses. Also, some transactions can only be done in person with the help of a bank staff, even if the customer would rather do them online.
Also, this doesn’t look at any habits people might have. A poll by Self Financial found that 39% of people were more likely to trust banks with real branches than banks without them. Also, almost two-thirds of Americans still go to a real store to deposit cash and more than half go to talk to an adviser in person.
Bank Branch Closures 15 October – 22 October
| 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 Luthur 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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