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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Important Takeaways:
- Wells Fargo axes another 13 branches in a single week as a host of banks shut down vital services – is YOURS on the chopping block?
- Six banks filed to close almost 40 branches last week leaving millions of Americans without access to vital financial services, with Wells Fargo alone axing 13 locations.
- Wells Fargo has been a leader in the closure of branches around the country, having closed 160 in the first half of the year, according to data from S&P Global Market Intelligence.
- And in the latest filings to its regulator, the Office of the Comptroller of the Currency (OCC), it indicated that five would now close in California, three in Florida, and another five elsewhere in the country.
- Also to notify of closures this week were US Bank, Citizens, Chase and Associated Bank, with seven, three, two and one proposed respectively.
- Associated is headquartered in Green Bay, Wisconsin, and has 200 branches throughout Wisconsin, Illinois and Minnesota.
- This year alone a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states, according to data from S&P reviewed by DailyMail.com.
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