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