New closures announced this week by major US banks

Bank branch closures continue to make the news this October. With the end of the month approaching, they have not slowed down, with 35 locations being shut down in just a week.

Not all banks were involved in this round of branch shutdowns, U.S. Bank had the most 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 were spread out between Beverly Bank, Citizens Bank, Fidelity Bank, First National Bank of Omaha, Flagstar, and Chase.

The state that was hit the hardest in this downsizing attempt was California, which lost 9 branches just this week, alongside the 86 branch closures across the state that already took place between January and the end of September.

A spokesperson for U.S. Bank spoke with DailyMail.com and reflected on the closures “Client’s banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity. 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.”

These branch closures seem to have become the norm, with for example, U.S. Bank having now closed 121 locations just this year, but some customers are not in agreement with the policy. Many older citizens struggle to use the online apps that banks now use to provide their services, and some transactions can only be done in person with the help of a bank employeeregardless of whether or not the client would like to do them online.

And this does not take into account habits that people may have. Self Financial made a poll and discovered that 39 percent of those polled had more trust in banks with physical branches than those without. Also, nearly two-thirds of Americans still use a physical branch to make cash depositswhile over half use them to speak to an in-person adviser

Bank Branch Closures October 15 – October 22
bank City Location
Bank of America Oceanside, CA 702 Mission Ave
Bank of America Fort Myers, FL 8681 Cypress Lake Drive
Bank of America Ormond Beach, FL 902 South Atlantic Avenue
Bank of America Tampa, FL 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, IL 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, NY 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, CA 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
U.S. Bank Cobden, IL 118 S Front St
U.S. Bank Cambridge, OH 819 Wheeling Avenue
U.S. Bank Blair, NE 1865 Washington St
U.S. Bank Hopkinsville, KY 1101 S Main Street
U.S. Bank Pleasanton, CA 6774 Bernal Avenue, Suite 310
U.S. Bank Wahpeton, N.D. 502 Second Avenue North
U.S. Bank Maquoketa, IA W Platt & Mckinsey Dr
U.S. Bank San Francisco, CA 3473 California Street
U.S. Bank Mill Valley, CA 453 Miller Avenue
U.S. Bank Humboldt, IA 701 Sumner Ave
U.S. Bank Hayward, CA 27000 Hesperian Boulevard
Wells Fargo Bank Pasadena, CA 655 North Fair Oaks Avenue
Wells Fargo Bank Pleasanton, CA 5798 Stoneridge Mall Road
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, CA 7477 Watt Avenue