Official List of Closed Bank Branches: New Closures by Major U.S. Banks
According to Lagradaonline, As October nears its end, the trend of bank branch closures shows no signs of slowing down, with 35 locations shut down in just one week. This wave of closures reflects ongoing changes in consumer banking preferences and behaviors, particularly the shift towards digital and mobile banking platforms.
Leading Banks in Closures
Among the banks involved in this recent round of closures, U.S. Bank had the highest number, shutting down 11 locations between October 15 and 22. Other notable closures included:
- Wells Fargo and Bank of America, each closing six branches
- PNC Bank, which closed five branches
- Additional closures involved Beverly Bank, Citizens Bank, Fidelity Bank, First National Bank of Omaha, Flagstar Bank, and JPMorgan Chase Bank.
California Hit Hardest
The state most affected by these downsizing efforts was California, which lost nine branches during this week alone. This adds to the 86 branch closures already reported in the state between January and the end of September.
Corporate Reflections on Branch Closures
A spokesperson for U.S. Bank shared insights on the closures, stating, “Clients’ banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms and a desire for greater simplicity. As we evolve along with our clients, we are reevaluating our physical footprint, and in some instances, consolidating branch locations in select markets. Although we are closing some branches, we continue to open and enhance others, as well as rapidly enhancing our digital capabilities.”
Customer Concerns
Despite the reasoning provided by banking officials, many customers remain dissatisfied with the branch closures. Older citizens, in particular, often find it challenging to navigate online banking apps, and some transactions still require in-person assistance from bank employees.
A poll conducted by Self Financial found that 39% of respondents expressed greater trust in banks with physical branches compared to those without. Additionally, nearly two-thirds of Americans still utilize physical branches for cash deposits, and over half prefer in-person conversations with advisors.
Also read: Unveiling the Haunting History: Bay Area Hotels Named ‘America’s Most Haunted
Summary of Recent Bank Branch Closures (October 15 – 22)
Here is a list of bank branch closures that occurred during this week:
| 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 W 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 |
As the trend of branch closures continues, banks must navigate the balance between digital expansion and customer needs for physical access.
