Fury as multiple banks including Wells Fargo close 30 branches in just one week - is YOURS affected?

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  • READ MORE: Banks person closed 539 branches successful conscionable six months 

By Alice Wright For Dailymail.Com

Published: 14:36 EDT, 19 July 2024 | Updated: 14:41 EDT, 19 July 2024

US banks person announced nan closure 30 much branches crossed nan US - each successful conscionable 1 week. 

Wells Fargo said it would beryllium shuttering 9 - much than immoderate different slope - successful nan latest play closures report, which runs from July 7 to 13. 

Bank of America and US Bank some said that they are closing 8 locations each, while Chase one. 

The others are from FSNB, Greenville Fed, Huntington and Schaumburg Bank & Trust Co.

Ohio was nan worst deed state, losing 4 locations successful nan week, followed by California which mislaid three. Scroll down for nan afloat database pinch addresses.

Wells Fargo closed 9 branches successful nan week 7th to 13th July

The closures were reported to nan Office of nan Comptroller of nan Currency (OCC) who reports nan figures successful a play bulletin. 

The closures 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.

US banks closed 539 branches successful nan first six months of nan year

Bank of America closed 8 locations successful nan aforesaid week 

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.  

Branch Closures (July 7 - July 13) Bank City State Location
Bank of America KEARNY NJ 240 KEARNY AVENUE
Bank of America WILDWOOD MO 2412 TAYLOR ROAD
Bank of America STOCKTON CA 10834 TRINITY PARKWAY
Bank of America ANTHEM AZ 39518 NORTH GAVILAN PEAK PARKWAY
Bank of America PALOS HEIGHTS IL 12145 SOUTH HARLEM AVENUE
Bank of America ALBANY NY 1450 WESTERN AVENUE
Bank of America TULALIP WA 8815 QUIL CEDA BOULEVARD
Bank of America MEMPHIS TN 2731 UNION AVE EXTENDED
FSNB LOVEJOY GA 11465 Tara Blvd.
Greenville Fed GREENVILLE OH 200 Lease Way
Huntington INDIANAPOLIS IN 6020 EAST 82ND STREET
JPMorgan Chase Bank BELLEVUE WA 1320 156TH AVENUE NE
Schaumburg Bk & Trust Co. SCHAUMBURG IL 350 West Schaumburg Road
U.S. Bank PIQUA OH 200 NORTH COLLEGE STREET
U.S. Bank HIGGINSVILLE MO 19TH & MAIN
U.S. Bank MITCHELL SD 1421 NORTH MAIN
U.S. Bank PINE RIVER MN HIGHWAY 371-P.O. BOX 46
U.S. Bank NORTH KINGSVILLE OH 6269 SOUTH MAIN
U.S. Bank LITTLE FALLS MN 119 2nd St NE
U.S. Bank PIERRE SD 604 EAST SIOUX AVENUE
U.S. Bank RUSSIA OH 217 W MAIN
Wells Fargo Bank COLUMBIA SC 1441 MAIN STREET
Wells Fargo Bank EL CAJON CA 13465 CAMINO CANADA
Wells Fargo Bank MIAMI BEACH FL 1901 ALTON ROAD
Wells Fargo Bank LAWRENCEVILLE GA 1062 OLD PEACHTREE ROAD NW
Wells Fargo Bank GREENSBORO NC 300 NORTH GREENE STREET
Wells Fargo Bank MATTHEWS NC 15030 IDLEWILD ROAD
Wells Fargo Bank MARINA DEL REY CA 13455 MAXELLA AVENUE
Wells Fargo Bank HELENA MT 415 FULLER AVENUE
Wells Fargo Bank PORTLAND TX 1031 HIGHWAY 181 NORTH
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