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This week, major U.S. banks announced new closures

This week, major U.S. banks announced new closures

Closing of bank branches will continue to make headlines this October. As the end of the month approaches, they haven't let up: 35 locations closed in just one week.

Not all Banks were involved in this round of branch closures, US Bank had the most closures, closing 11 locations between October 15 and October 22. Wells Fargo and Bank of America each closed six branches during PNC cut five. The rest was distributed Beverly Bank, Citizens Bank, Fidelity Bank, First National Bank of Omaha, Flagstar and Chase.

The state hit hardest by this downsizing attempt was California, which lost 9 stores this week alone, in addition to the 86 store closures statewide that already occurred between January and the end of September.

A spokesman for US Bank spoke with DailyMail.com and reflected on the closures: “Customers’ banking preferences and behaviors are changing, including a rapid migration to digital and mobile banking platforms, and the desire for more simplicity. As we continue to evolve with our customers, we are reassessing our physical presence and, in some cases, consolidating branch locations in select markets. Although we are closing some branches, We continue to open up and improve others and rapidly improve our digital capabilities.”

This Branch closures seem to have become the norm, for example with US Bank This year alone, 121 locations have now closed, but some customers disagree with the policy. Many older citizens have difficulty using this Online apps The Banks now use to provide their services, and some transactions can only be carried out in person with the help of one Bank tellerregardless of whether the customer wants to do this online or not.

And this doesn't take into account the habits people may have. Self-financed conducted a survey and found that 39 percent of respondents trusted banks with branches more than banks without them. Additionally, nearly two-thirds of Americans still use a physical location for manufacturing Cash depositswhile more than half use it to speak to a personal advisor

Bank branches closed from October 15th to 22nd
bank City Location
Bank of America Oceanside, California 702 Mission Ave
Bank of America Fort Myers, FL 8681 Cypress Lake Drive
Bank of America Ormond Beach, Florida 902 South Atlantic Avenue
Bank of America Tampa, FL 2700 West Dr. Martin L. King Jr. Blvd
Bank of America Nashville, TN 969 South Gallatin Rd
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 Ave
Loyalty bank Tulsa, okay 2222 S. Utica Place
First NB from Omaha Bayard, NE 302 Main Street
Flagstar Bank Jericho, New York 336 North Broadway
JPMorgan Chase Bank Las Vegas, NV 1340 East Flamingo Rd
JPMorgan Chase Bank Houston, TX 4335 Martin Luthur King Blvd., Ste B
PNC Bank Albuquerque, NM 2444 Louisiana Blvd Ne
PNC Bank Bakersfield, California 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
US Bank Cobden, IL 118 S Front St
US Bank Cambridge, OH 819 Wheeling Ave
US Bank Blair, NE 1865 Washington St
US Bank Hopkinsville, Kentucky 1101 S Main St
US Bank Pleasanton, California 6774 Bernal Avenue, Suite 310
US Bank Wahpeton, N.D 502 Second Avenue North
US Bank Maquoketa, IA W Platt & Mckinsey Dr
US Bank San Francisco, California 3473 California Street
US Bank Mill Valley, California 453 Miller Ave
US Bank Humboldt, IA 701 Sumner Ave
US Bank Hayward, California 27000 Hesperian Blvd
Wells Fargo Bank Pasadena, California 655 North Fair Oaks Ave
Wells Fargo Bank Pleasanton, California 5798 Stoneridge Mall Rd
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, California 7477 Watt Ave

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