November 12th 2024.
In the ever-evolving world of banking, it seems that branch closures are becoming a common occurrence. In fact, over the past three weeks alone, major institutions in the United States have shut down a total of 65 branches. And it looks like the trend is set to continue, with a projected 1,000 more closures by the end of this year.
Leading the pack with the highest number of closures is Bank of America, who has already shut down a staggering 132 branches so far this year. Just in the last three weeks, both Bank of America and US Bank have closed 11 branches each, which is the highest number for them within such a short time frame since 2024.
While Bank of America may be at the forefront of this trend, they are not alone. Other major banks such as Wells Fargo, Citizens Bank, and Associated Bank have also closed a number of branches, though not as many as Bank of America. At the state level, California seems to have been hit the hardest with 10 closures, followed by Pennsylvania with eight and Florida and Ohio with six each.
According to data from the Office of the Comptroller of the Currency, this pace of branch closures is expected to continue, with a projected 1,000 branches set to close by the end of the year. This comes as no surprise, as the banking industry is constantly evolving and adapting to new technologies and customer preferences.
So, which bank branches exactly have closed in the past few weeks? Here is a comprehensive list of all the closures that have taken place from October 15 to November 5, including their addresses:
Associated Bank – Chicago, IL – 6355 North Central Avenue
Associated Bank – Neillsville, WI – 509 Grand Avenue
Associated Bank – Tomahawk, WI – 227 W Wisconsin Ave
Associated Bank – Slinger, WI – 300 East Washington Street
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, TX – 451 West Main Street
Bank of America – Waterbury, CT – 991 Cooke Street Drive
Bank of America – Seattle, WA – 1501 Queen Anne Ave N
Bank of America – Warson Woods, MO – 9961 Manchester Road
Bank of America – Philadelphia, PA – 920 South Street
Bank of America – Howell, NJ – 4005 Route 9 North
It's clear that the banking landscape is constantly changing, and these closures are just one example of that. As the industry continues to evolve, it's important for banks to adapt and make decisions that best serve their customers and the future of banking as a whole.
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