Banks have closed 539 branches in just six months - with Wells Fargo, Chase among those shutting the most

Banks closed 539 section branches crossed nan state successful nan first half of nan twelvemonth - leaving much and much Americans without entree to basal financial services.

If nan complaint continues for nan remainder of 2024, it will mean much than 1,000 branches wiped from malls, and municipality and metropolis centers. 

Bank of America closed nan astir branches, a full of 90 successful conscionable six months. 

U.S. Bank besides made important closures, shuttering 73 of their locations successful nan aforesaid period. Wells Fargo unopen 62, Chase 53 and TD Bank 52.  Scroll down for nan afloat searchable database pinch addresses.

The closures, which banks must study to national regulator, correspond a inclination arsenic awesome banks move distant from expensive brick-and-mortar branches in favour of online services. 

'The mostly of Americans, from Gen Z to boomers, are successful little request of a accepted bank, which whitethorn explicate nan rising number of beingness branches that person been closing complete nan past year' Andrew Murray, lead information interrogator astatine GOBankingRates told DailyMail.com.

A recent study by GOBankingRates recovered that moreover retirees for illustration online banking to in-branch services. 

Overall 78 percent of Americans for illustration utilizing mobile and online banking and almost 1 successful 4 did not sojourn their slope successful nan past year. 

'Our study of much than 1,000 adults intelligibly shows that request for in-person banking is debased crossed each generations, moreover boomers 65 and older,' Murray explained. 

'It's apt that overhead costs (rent, maintenance, supplies and unit salaries) are a ample facet particularly fixed that our study shows really infrequently group sojourn ceramic and mortar banks.' 

Indeed closures tin lead to important savings since nan mean freestanding slope branch costs astir $2.6 cardinal a twelvemonth to run.

Banks must study each planned closures and openings to the Office of nan Comptroller of nan Currency (OCC), a national banking regulator. 

Each week, it publishes a summary of these. DailyMail.com analyzed these to compile nan specifications of full closures truthful acold this year. 

The worst deed authorities was California which saw 72 closures from nationalist banks successful nan first half of nan year.

New York followed successful second, seeing 51 closures, followed by Pennsylvania which had 40.   

'Over nan past respective years, we person rightsized our branch network, and we whitethorn proceed to harvester 2 older existing branches into 1 amended situated location' Wells Fargo told DailyMail.com successful a statement. 

'Doing truthful does not return distant nan value of our customers and nan communities we serve.'

Bank of America besides said they thin to consolidate 2 branches into 1 erstwhile location is simply a close. 

'These shifts successful our branch web bespeak that, much and more, our clients are utilizing integer banking for their mundane financial needs and coming into financial centers for much important needs aliases to person conversations astir their finances,' nan corp explained. 

US slope besides highlighted clients' migration towards online banking and 'desire for greater simplicity' arsenic reasons for their wide closures. 

'As we germinate on pinch our clients, we are reevaluating our beingness footprint, and successful immoderate instances, consolidating branch locations successful prime markets,' nan slope said successful a statement.