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Breaking Financial News: Full List of US Banks Closing Amid Nationwide Shutdown – 1,000 Branches Set to Shutter by End of 2024
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Breaking News: U.S. banking giants set to close 1,000 branches by year-end, leaving communities in the lurch! See the full list of bank shutdowns and find out why traditional banking access is rapidly disappearing. Is your local branch next?
Major U.S. banks are on track to close 1,000 branches by the end of 2024. Within just three weeks, from October 15 to November 5, 65 branches have already shut their doors, leaving customers with fewer in-person options and sparking nationwide concern. Bank of America and US Bank are leading the pack, with Bank of America alone closing a remarkable 132 branches this year. As branch closures hit every corner of the country, states like California, Pennsylvania, and Florida have felt the deepest cuts.
With data from the Office of the Comptroller of the Currency (OCC) reflecting an unprecedented pace of branch shutdowns, Americans are witnessing a significant evolution in how they access financial services. For many, the rapid closures raise questions about access, particularly for older adults, small business owners, and others who rely on traditional in-person banking. Here’s an in-depth look at the list of branches affected, the reasons driving the closures, and the wider implications of this trend.
A Detailed Look at Recent Bank Closures: Who’s Pulling Out and Where?
This major shift has seen many of the nation’s largest banks scaling back their branch presence, citing the rise of digital banking and changing consumer habits as primary motivators. Below is the complete, detailed list of branches that have recently closed between October 15 and November 5, providing a snapshot of the impact on communities nationwide.
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Full List of Recently Closed Branches by Bank
Associated Bank Closures
- Chicago, IL – 6355 North Central Avenue
- Neillsville, WI – 509 Grand Avenue
- Tomahawk, WI – 227 W Wisconsin Avenue
- Slinger, WI – 300 East Washington Street
Associated Bank has taken steps to reduce its physical footprint, notably in the Midwest, as it shifts resources toward strengthening its online services and mobile app. The closures in Wisconsin, where many rural customers may still rely on physical banking, have stirred concerns about access for communities with limited digital infrastructure.
Bank of America Closures
- Oceanside, CA – 702 Mission Avenue
- Fort Myers, FL – 8681 Cypress Lake Drive
- Ormond Beach, FL – 902 South Atlantic Avenue
- Tampa, FL – 2700 West Dr Martin L King Jr Boulevard
- Nashville, TN – 969 South Gallatin Road
- Hendersonville, TX – 451 West Main Street
- Waterbury, CT – 991 Cooke Street Drive
- Seattle, WA – 1501 Queen Anne Ave N
- Warson Woods, MO – 9961 Manchester Road
- Philadelphia, PA – 920 South Street
- Howell, NJ – 4005 Route 9 North
Bank of America has led the charge in reducing physical branches, reflecting its priority in bolstering digital channels. This year, Bank of America has closed 132 branches nationwide, impacting customers across multiple states. These closures target areas where digital adoption has risen, but the withdrawal from diverse regions—California, Tennessee, Missouri, and beyond—shows just how widespread this transformation is.
Beverly Bank & Trust Co Closure
- Chicago, IL – 1908 West 103rd Street
Though smaller in scope, Beverly Bank & Trust’s closure in Chicago marks a significant shift for local customers. Smaller banks are also feeling the pressure to streamline physical services in favor of virtual banking as operational costs rise.
Citizens Bank Closures
- Philadelphia, PA – 8345 Ridge Avenue
- Pittsburgh, PA – 712 Washington Road
- Langhorne, PA – 168 N Flowers Mill Road Suite A
- Broomall, PA – 2180 West Chester Pike
- Norristown, PA – 2668 Egypt Road
- Philadelphia, PA – 2101-41 Cottman Avenue
- West Chester, PA – 1393 Wilmington Pk
Citizens Bank has focused its closures within Pennsylvania, with branches closing in Philadelphia, Pittsburgh, and surrounding suburbs. As Citizens pivots toward a more digital presence, Pennsylvanian communities face the loss of essential banking services, impacting those who depend on in-person assistance.
Citizens Community Federal Closure
- Faribault, MN – 300 Western Avenue, Suite 300
This Minnesota branch closure reflects the growing trend among smaller regional banks. By reducing physical branches, these institutions are adjusting to the new era of digital banking while trying to remain relevant in the industry.
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Farmers’ NB of Canfield Closure
- Beachwood, OH – 24755 Chagrin Boulevard, Suite 100
This closure signals a shift even among traditionally community-oriented banks. As smaller banks make similar moves, it’s becoming clear that the physical presence once considered central to community banking is no longer seen as sustainable.
Fidelity Bank Closure
- Tulsa, OK – 2222 S Utica Place
Fidelity Bank’s exit from Tulsa impacts local businesses and individual customers who relied on its services, pushing these clients to explore either nearby branches or digital options.
Fifth Third Bank Closures
- Columbus, OH – 5342 North Hamilton Road
- Saint Petersburg, FL – 153 Second Avenue South
- Merrillville, IN – 6760 Broadway
- Jacksonville, FL – 14420 Beach Boulevard
- Garfield Heights, OH – 9301 Vista Way
With closures in Ohio, Indiana, and Florida, Fifth Third Bank is strategically pulling out of certain locations, aligning with their customer shift toward online banking.
First National Bank & Trust Co Closures
- Rush Springs, OK – 222 W Blakely Avenue
- Alex, OK – 102 South Main Street
- Cyril, OK – 201 West Main Street
These closures in rural Oklahoma raise questions about how local communities will adapt. First NB & Trust’s decisions to close branches in smaller towns suggest that even rural banking is not immune to the digital transition.
First National Bank of Omaha Closure
- Bayard, NE – 302 Main Street
The shutdown of this branch impacts a rural Nebraskan community where options are few. First NB of Omaha’s move shows how even well-established branches in smaller locales are being phased out.
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First National Bank Texas Closures
- El Paso, TX – 501 Executive Center, Suite 101
- Dallas, TX – 9140 Forest Lane
First National Bank Texas has opted to close branches in key Texan cities. The move reflects its strategic pivot to digital services across one of the largest states in the U.S.
Flagstar Bank Closure
- Jericho, NY – 336 North Broadway
With its exit from Jericho, NY, Flagstar Bank marks another instance of banks transitioning away from the costs associated with maintaining a physical presence in high-cost areas.
Fulton Bank Closure
- Charlottesville, VA – 95 Community Street
The closure in Charlottesville reflects the widespread reach of branch reductions, with Fulton Bank adjusting its approach to serve customers online.
JPMorgan Chase Bank Closures
- Las Vegas, NV – 1340 East Flamingo Road
- Houston, TX – 4335 Martin Luther King Boulevard, Ste B
Chase’s choice to close branches in urban centers like Las Vegas and Houston signals a shift away from metropolitan physical banking locations as more users move to mobile platforms.
PNC Bank Closures
- Albuquerque, NM – 2444 Louisiana Boulevard NE
- Albuquerque, NM – 3500 Candelaria Road NE
- Bakersfield, CA – 8500 Stockdale Hwy Ste 100
- Napoleon, OH – 701 N Perry Street
- Napoleon, OH – 801 N Perry Street
PNC’s closures, particularly two in Albuquerque, point to the challenges faced by local customers who might now need to adjust to fewer options for in-person banking.
SouthState Bank Closure
- Oldsmar, FL – 3711 Tampa Road
SouthState’s decision to pull back in Florida underscores how even regional banks are shifting gears to accommodate changing customer behavior.
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US Bank Closures
- Cobden, IL – 118 S Front Street
- Cambridge, OH – 819 Wheeling Avenue
- Blair, NE – 1865 Washington Street
- Hopkinsville, KY – 1101 S Main Street
- Pleasantville, CA – 6774 Bernal Avenue, Suite 310
- Wahpeton, ND – 502 Second Avenue North
- Maquoketa, IA – W Platt & McKinsey Drive
- San Francisco, CA – 3473 California Street
- Mill Valley, CA – 453 Miller Avenue
- Humboldt, IA – 701 Sumner Avenue
- Hayward, CA – 27000 Hesperian Boulevard
US Bank’s branch closures from California to North Dakota exemplify the widespread reduction strategy. By scaling back, US Bank seeks to concentrate on digital enhancements while streamlining its physical presence.
Wells Fargo Bank Closures
- Pasadena, CA – 655 North Fair Oaks Avenue
- Pleasanton, CA – 5798 Stoneridge Mall Road
- Dallas, TX – 5809 E Lovers Lane
- Hickory, NC – 200 First Ave NW
- El Paso, TX – 221 N Kansas Street
- North Highlands, CA – 7477 Watt Avenue
Wells Fargo’s closures in California, Texas, and North Carolina reflect its strategy to redirect resources to high-demand digital platforms.
Zions Bancorporation Closure
- Sacramento, CA – 1800 Arden Way
With Zions Bancorporation’s departure from Sacramento, yet another California community sees the impact of this banking transformation.
What’s Next for American Banking?
The accelerated branch closures are a response to shifting consumer habits as more Americans adopt online and mobile banking. As a spokesperson from US Bank noted, “We are reevaluating our physical footprint,” underscoring the bank’s focus on “enhancing digital capabilities” rather than maintaining costly brick-and-mortar locations. But while the digital shift promises convenience, it leaves traditional and less tech-savvy customers with fewer options for face-to-face service.
With an average of 1,646 branches closing each year since 2018, experts predict that the final brick-and-mortar bank in the U.S. could shut down by 2041. As this era unfolds, the implications for community access to essential financial services remain uncertain, and the debate over the digital future of banking will only intensify.
Stay tuned for more developments in this breaking story as we track the closures and their nationwide impact.
SOURCE: https://metro.co.uk/2024/11/12/full-list-us-bank-branches-closing-1000-21981023/?ITO=msn
