If you’re still banking on access to your local branch, don’t count on it.
Major US banks have announced plans to shut 311 branches since late August — a pre-Christmas wipeout that puts 2025 on track to be the worst year ever for walk-in banking.
JPMorgan Chase led the pre-Christmas cull with 66 closures, followed by TD Bank’s 51, Citizens’ 18, and Bank of America’s 15. PNC, Wells Fargo and others made up the rest, according to federal filings. Scroll down for the full, searchable list.
California and Florida were hit hardest, each losing 28 branches. New York lost 18, Texas 17, and Massachusetts and Pennsylvania both saw 13 disappear.
Experts warn the closures hit older Americans, cash-dependent customers and anyone who struggles with apps the hardest.
‘Banks are reducing services in rural communities even as they’re growing in bigger cities,’ said Steven Reider, director of research at Bancography.
‘The people hit hardest are the ones who rely most on face-to-face banking — especially older customers.’
For millions, online banking is simply not an option. Many elderly Americans do not trust apps, struggle with two-factor authentication or don’t own a smartphone. Others still rely heavily on cash.
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