US banks closed 539 branches in the first six months of the year - DailyMail.com
Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Major Banks have closed 41 branches in just two weeks as the shift toward online banking continues.
- Major banks such as Bank of America, Chase and Wells Fargo were among those shuttering locations.
- Customers of U.S Bank were worst hit, with the bank closing 13 local brick-and-mortar branches between August 4 and August 18.
- Wells Fargo closed seven, with Chase, Citizens Bank and Bank of America each closing four. Scroll down for the full list with addresses.
- The rest were closed by the likes of First National Bank, PNC, SouthState Bank and Huntingdon.
- The closures, which spanned from Florida to Missouri, were confirmed to the Office of the Comptroller of the Currency (OCC) which 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.
- US banks shut 539 branches in just the first half of the year, research by DailyMail.com shows.
- The worst hit state was California, which saw 72 closures. New York was second with 51 closures, followed by Pennsylvania at 40.
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