National banks closed more than 30 branches in just two weeks last month.
Chase, Bank of America, PNC and other national banks collectively closed 33 locations between July 14 and July 28.
Bank of America led the way shutting 11, followed by Chase and PNC which both closed seven each.
Axiom Bank, Capitol, Citizens, Dollar Bank, Lemont, Wells Fargo and Zions Bancorporation also closed locations.Scroll down for the full list with addresses.
The worst hit state was Florida, which lost four locations while Ohio, Virginia and Texaslost three.
Bank of America closed eleven of its branches in just two weeks
PNC and Chase each closed seven locations in the same period
Bank of America has now closed more than 100 branches so far this year, the most of any national bank.
The closuresaccount for around a fifth of all closures in 2024.
Bank of America told DailyMail.com also said the bank had just completed a three year project to modernize their on-the-ground- footprint in America.
A spokesperson for the bank told Dailymail.com that closures are usually the result of consolidatingtwo branches into one.
'These shifts in our branch network reflect that, more and more, our clients are using digital banking for their everyday financial needs and coming into financial centers for more significant needs or to have conversations about their finances,' the corporation explained.
The bank pointed out it still has 3,800 branches.
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The Office of the Comptroller of the Currency (OCC) monitors branch closures and openings and publishes them in a weekly bulletin.
Major banks are increasingly moving away from expensive brick-and-mortar branches in favor of online services.
'The majority of Americans, from Gen Z to boomers, are in less need of a traditional bank, which may explain the rising number of physical branches that have been closing over the past year'Andrew Murray, lead data researcher at GOBankingRates told DailyMail.com.
A recent survey by GOBankingRates found that even seniors prefer online banking to in-branch services.
Overall 78 percent of Americans prefer using mobile and online banking and almost one in four did not visit their bank in the past year.
'It's likely that overhead costs (rent, maintenance, supplies and staff salaries) are a large factor especially given that our survey shows how infrequently people visit brick and mortar banks,' Murray said.
Indeed closures can lead to significant savings since the average freestanding bank branch costs around $2.6 million a year to run.
US banks closed 539 branches in the first six months of the year
US banks shut 539 branches in just the first half of the year, research by DailyMail.com shows.
The worst hit state was Californiawhich saw 72 closures.New York was second with 51 closures, followed byPennsylvaniaat 40.
'Over the last several years, we have rightsized our branch network, and we may continue to combine two older existing branches into one better situated location' Wells Fargo told DailyMail.com.
'Doing so does not take away the importance of our customers and the communities we serve.'
US bank also highlighted clients' migration towards online banking and 'desire for greater simplicity' as reasons for their mass closures.
'As we evolve along with our clients, we are reevaluating our physical footprint, and in some instances, consolidating branch locations in select markets,' the bank said in a statement.
| Bank of America, NA | City | State | Location |
|---|---|---|---|
| Axiom Bank | PORT ORANGE | FL | 1590 Dunlawton Avenue |
| Bank of America | SEATTLE | WA | 4323 SW ADMIRAL WAY |
| Bank of America | MIDLOTHIAN | VA | 13500 HARBOUR POINTE PARKWAY |
| Bank of America | Portland | OR | 121 SW Morrison |
| Bank of America | PHOENIX | AZ | 9325 NORTH 7TH STREET |
| Bank of America | ATASCADERO | CA | 6905 CAPISTRANO AVENUE |
| Bank of America | BREMERTON | WA | 1600 RIDDELL ROAD, N.E. |
| Bank of America | ALBUQUERQUE | NM | 4301 WYOMING BOULEVARD, NE |
| Bank of America | WINTER HAVEN | FL | 3010 CYPRESS GARDENS ROAD |
| Bank of America | SAN ANTONIO | TX | 6401 N.W. LOOP 410 |
| Bank of America | SAN ANTONIO | TX | 1515 S.W. LOOP 410 |
| Bank of America | RICHMOND | VA | 4101 WEST BROAD STREET |
| Capitol FSB | PRAIRIE VILLAGE | KS | 4050 West 83rd Street |
| Citizens Bank | NANTICOKE | PA | 75 North Market Street |
| Dollar Bank | CLEVELAND | OH | 140 Public Square |
| JPMorgan Chase Bank | MEDINA | OH | 870 N. Court St. |
| JPMorgan Chase Bank | BOSTON | MA | 772 Boylston St |
| JPMorgan Chase Bank | LAFAYETTE | CO | 1426 NORTH 95TH STREET |
| JPMorgan Chase Bank | LAFAYETTE | CO | 200 NORTH PUBLIC ROAD |
| JPMorgan Chase Bank | WHITE PLAINS | NY | 100 CORPORATE PARK DRIVE |
| JPMorgan Chase Bank | LOVELAND | OH | 513 LOVELAND-MADEIRA ROAD |
| JPMorgan Chase Bank | OREGON CITY | OR | 1839 MOLALLA AVE |
| Lemont | LEMONT | IL | 310 MAIN STREET |
| PNC Bank | FREDERICK | MD | 5810 BALLENGER CREEK PIKE |
| PNC Bank | CHARLOTTE | NC | 7421 Carmel Executive Park |
| PNC Bank | FRANKLIN | PA | 1165 Liberty St |
| PNC Bank | FAYETTEVILLE | NC | 991 S McPherson Church Road |
| PNC Bank | VIRGINIA BEACH | VA | 3012 Pacific Ave |
| PNC Bank | JACKSONVILLE | FL | 3740 Beach Blvd |
| PNC Bank | DELRAY BEACH | FL | 16120 JOG ROAD |
| Wells Fargo Bank | SAN BERNARDINO | CA | 334 W. 3RD STREET |
| Wells Fargo Bank | SAINT SIMONS ISLAND | GA | 1600 FREDERICA ROAD |
| Zions Bancorporation | HOUSTON | TX | 4911 Cypress Creek Parkway |
ALL THE US BRANCH CLOSURES ANNOUNCED IN 2024
Click on the links below - each article has the full list of closures for that time period
In January and February,banks closed 222 branches
US Bank filed to shut 19 branches betweenFebruary 25 and 9
Wells Fargo filed to close eight branches between March 10 and 16
PNC, Citibank, Bank of America and Wells Fargo behind 20 branch closuresbetween March 17 and 23
US banks had more openings than closures over a week (March 24 to March 30) for the first time in 2024
US Bank closes ten branches while Bank of America shuts three in the week from March 31 to April 6
TD Bank, Wells Fargo, Bank of America and Chase shut a total of 36 branches between April 7 and 13
Bank of America, PNC, Citizens and Chase behind latest branch closures from April 14 to 20
Wells Fargo, Chase and Bank of America among US banks to shutter 79 branchesbetweenApril 20 and June 1
Bank of America, Chase and Woodforest among banks to close 51 branches betweenJune 2 to June 23
Wells Fargo closes eight branches in just ONE week:June 24 to June 30
US Bank closes seven branches in just one week:July 1 - July 8
Multiple banks including Wells Fargo close 30 branchesJuly 7 - 13
