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Bank of America closed 132 branches, while U.S. Bank closed 101 of them as of September. Wells Fargo was close behind with 92 closures, followed by 90 closures on Chase's part.
The banks that closed the largest number of branches last year were some of the biggest: Wells Fargo (287), PNC (241), US Bancorp (220), and Truist (122). But PNC this year announced it will be ...
Bank Branches Are Closing At A Record Pace. Here’s Why JPMorgan Chase Is Opening More
In March 2022, the bank closed five Charlotte-area branches because of overlap following the BB&T and SunTrust merger that formed Truist in 2019. In total, Truist planned to close 800 branches .
The closing of a Raleigh Wells Fargo location comes after the bank closed hundreds of branch locations last year. Wells Fargo closing a Raleigh bank location. Find out which one, where to go instead
The branches will close in January 2025. Home & Garden. Lighter Side
Research from S&P Global found that in 2023, a net 1,409 bank branches closed. This was a slowdown in the closure pace recorded in years prior: 1,854 in 2022 and a record-breaking 2,928 in 2021.
U.S. bank retail branch closings increased 38 percent in 2021, including several in CT, as the pandemic drives digital banking.