Updated List of New Bank Branch Closures

Adam Rust

November 3rd to November 9th: National banks consummated 32 bank branch closures. U.S. Bank consummated fourteen of those branch closures, including seven in metropolitan Las Vegas and three in Missouri. The Office of the Comptroller of the Currency received messages from its member banks, giving news of their intentions to close nineteen more branches.

October 27th to November 2nd: Banks consummated nineteen branch closures. Forty receipts of new plans to close more bank branches. TD North said it would soon close eleven branches, Zions Bank sent four proposals to close branches, and JPMorgan Chase said it would soon close six branches. Interestingly enough, Chase opened nine new branches this week and said it had new plans to open another four branches.

October 20th to October 26th: Twenty-three new branch closures were completed, including three by Citizen's Bank, five by U.S. Bank, and eleven by Wells Fargo. Banks announced plans to close another twenty-eight branches in the future. PNC said it would close eleven branches in the future.

October 13th to October 19th: Seven closures, all by PNC Bank. The OCC says it received 21 messages from its member banks that those financial institutions were beginning the process of new branch closures.

September 29th to October 5th: Nineteen closures were completed; eleven were slated for future closure.

Banks that operate without branches
Picture of card
Picture of card

I have discussed the broader landscape surrounding bank branch closures in other writings, including this earlier entry on this blog.

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