Banks filed notice to shut down 107 locations between January 12 and February 6, as experts warn that 2025 could be the worst year yet for closures.
US Bank, Wells Fargo and PNC were among the financial institutions notifying the Office of the Comptroller of the Currency (OCC) of their planned closures.
The OCC publishes these filings in a weekly report. While the listings indicate intent to close, they are not final confirmations.
US Bank led the closures with 31 locations, while Wells Fargo followed with 26 closures.
Fulton Bank also filed to close 15, PNC, 10, Huntingdon, 8, Bank of America, 5 and Chase, 2. Scroll down to see the full searchable list.
Last year, banks closed a total of 1,043 branches, leaving communities with dwindling local services. The bloodbath of closures is also set to accelerate in 2025, resulting in a further 4.11 percent decrease by the end of the year, a new study from Self Financial revealed.
‘Retail bank closures in the US aren’t slowing, and in fact our research shows that the last time this many people relied on a local bank branch was in 1995,’ Darren Kingman from Root Digital – who worked on the Self Financial study – told DailyMail.com.
‘There’s no doubt we’re moving towards a cashless society but this increase in people per bank branch and the fact over 200 million Americans still make cash deposits will only mean longer wait times in banks and a potentially a lower overall customer experience,’ Kingman explained.
The closures continue at pace despite the fact that 45 percent of Americans still prefer to carry out their banking needs in person, a new survey carried out by GoBankingRates found.
‘The shift towards online banking is growing more intense in 2025,’ GoBankingRates lead data content researcher Andrew Murray told DailyMail.com.
‘Despite the trend towards online banking, our survey data shows more than half of Americans are concerned about the rising number of physical branches that have shut down in the past few years,’ Murray explained.
‘Meanwhile, a whopping 76 percent says that the current banking system needs small or major changes.’
Further to this more than half of respondents said they were concerned about the rising number of physical bank branch closures over the last few years.
Meanwhile, new research recently revealed that the last physical bank branch could close in the US in 2041.
Experts from Self Financial reached the number by studying the rate of net closures across the country, which has averaged 1,646 each year since 2018.
Despite the majority of Americans now opting to do the majority of their banking online, customers still prefer to use physical branches for particular services.
It is also a struggle for some older clients to operate services such as mobile banking.
Nearly two-thirds of Americans still use a physical branch to make cash deposits, while over half use them to speak to an in-person adviser, the report found.
‘Client’s banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity,’ a spokesperson for US Bank told DailyMail.com.
‘As we evolve along with our clients, we are reevaluating our physical footprint, and in some instances, consolidating branch locations in select markets.
‘Although we are closing some branches, we continue to open and enhance others, as well as rapidly enhancing our digital capabilities.’
Wells Fargo echoed similar sentiments in a statement to DailyMail.com.
‘Branches continue to play an important role in the way we serve our customers in combination with our mobile app, online website, and ATMs,’ a spokesperson for the bank said.
