More bank closures as society moves to cashless: Last bank branch to close in 2041

Major US banks closed a total of 1,043 branches over the course of last year, leaving communities with dwindling local services -

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:

  • Banks filed notice to shut down 107 locations between January 12 and February 6, as experts warn that 2025 could be the worst year yet for closures.
  • US Bank, Wells Fargo and PNC were among the financial institutions notifying the Office of the Comptroller of the Currency (OCC) of their planned closures.
  • The OCC publishes these filings in a weekly report. While the listings indicate intent to close, they are not final confirmations.
  • US Bank led the closures with 31 locations, while Wells Fargo followed with 26 closures.
  • Fulton Bank also filed to close 15, PNC, 10, Huntingdon, 8, Bank of America, 5 and Chase, 2. Scroll down to see the full searchable list.
  • Last year, banks closed a total of 1,043 branches, leaving communities with dwindling local services.
  • Darren Kingman from Root Digital… ‘There’s no doubt we’re moving towards a cashless society but this increase in people per bank branch and the fact over 200 million Americans still make cash deposits will only mean longer wait times in banks and a potentially lower overall customer experience,’ Kingman explained.
  • The closures continue at pace despite the fact that 45 percent of Americans still prefer to carry out their banking needs in person, a new survey carried out by GoBankingRates found.
  • ‘The shift towards online banking is growing more intense in 2025,’ GoBankingRates lead data content researcher Andrew Murray told DailyMail.com.
  • Meanwhile, new research recently revealed that the last physical bank branch could close in the US in 2041.

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