Major US banks closed 35 branches in one week – is yours affected?

Major US banks closed 35 branches in one week – is yours affected?

Major American banks shuttered 35 branches nationwide in a single week this October.

US Bank led the closures, shutting down 11 locations between October 15 and 22.

Wells Fargo and Bank of America each closed six branches, while PNC cut five.

The rest came from Beverly Bank, Citizens Bank, Fidelity Bank, First National Bank of Omaha, Flagstar, and Chase. Scroll down for the full searchable list with addresses.

California was the hardest hit, losing nine branches during the week.

US Bank closed the most locations, shutting down eleven branches between October 15 and 22

The Golden State was also the worst affected in the first nine months of the year, seeing 86 branch closures across the state between January and the end of September.

The latest data, registered with the Office of the Comptroller of the Currency (OCC), suggests that banks are on course to close 1,000 branches by the end of the year.

US Bank has now closed 121 locations so far this year, the second most of any other major provider.

‘Client’s banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity,’ a spokesperson for US Bank told DailyMail.com earlier this month.

‘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.’

Despite the majority of Americans now opting to do the majority of their online banking, customers still prefer to use physical branches for particular services.

It is also a struggle for some older clients to operate services such as mobile banking.

US banks closed a total of 754 locations in the first nine months of the year

Nearly two-thirds of Americans still use a physical branch to make cash deposits, while over half use them to speak to an in-person adviser, the report found.

39 percent of those polled told Self Financial that they had more trust in banks with physical branches than those without.

Closures can lead to significant savings for banks, since the average freestanding branch costs around $2.6 million a year to run.

Banks must report all planned closures and openings to the Office of the Comptroller of the Currency (OCC), a federal banking regulator.

Each week, it publishes a summary of these. DailyMail.com analyzed these to compile the details of total closures so far this year.

Bank Closures 15 October – 22 October
bank City State Location
Bank of America OCEANSIDE AC 702 Mission Ave
Bank of America FORT MYERS F.L. 8681 CYPRESS LAKE DRIVE
Bank of America ORMOND BEACH F.L. 902 SOUTH ATLANTIC AVENUE
Bank of America TAMPA F.L. 2700 WEST 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 I.L. 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 N.Y. 336 NORTH BROADWAY
JPMorgan Chase Bank LAS VEGAS N.V. 1340 EAST FLAMINGO RD
JPMorgan Chase Bank Houston TX 4335 Martin Luthur King Blvd., Ste B
PNC Bank Albuquerque N.M. 2444 Louisiana Blvd NE
PNC Bank Bakersfield AC 8500 Stockdale Hwy Ste 100
PNC Bank Albuquerque N.M. 3500 Candelaria Rd NE
PNC Bank Napoleon OH 701 N Perry St
PNC Bank Napoleon OH 801 N Perry St
U.S. Bank COBDEN I.L. 118 S FRONT ST
U.S. Bank CAMBRIDGE OH 819 WHEELING AVENUE
U.S. Bank Blair NE 1865 Washington St
U.S. Bank Hopkinsville K.Y. 1101 S Main Street
U.S. Bank PLEASANTON AC 6774 BERNAL AVENUE, SUITE 310
U.S. Bank WAHPETON N.D. 502 SECOND AVENUE NORTH
U.S. Bank MODEL AI W PLATT & MCKINSEY DR
U.S. Bank SAN FRANCISCO AC 3473 CALIFORNIA STREET
U.S. Bank MILL VALLEY AC 453 MILLER AVENUE
U.S. Bank HUMBOLDT AI 701 SUMNER AVE
U.S. Bank HAYWARD AC 27000 HESPERIAN BOULEVARD
Wells Fargo Bank PASADENA AC 655 NORTH FAIR OAKS AVENUE
Wells Fargo Bank PLEASANTON AC 5798 STONERIDGE MALL ROAD
Wells Fargo Bank DALLAS TX 5809 E. LOVERS LANE
Wells Fargo Bank HICKORY NC 200 FIRST AVE. N.W.
Wells Fargo Bank THE PASS TX 221 N. KANSAS STREET
Wells Fargo Bank NORTH HIGHLANDS AC 7477 WATT AVENUE