Banking Desert Alert: Wisconsin Communities to Lose Services Amid Branch Closures | Ash Jurberg
Closing the Doors: Wisconsin Communities Set to Lose Banking Services in Latest Closures.
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The number of bank locations closing across the United States continues to increase as major banks push customers toward online banking.
Each week the Office of the Comptroller of the Currency (OCC) releases a bulletin of banks set to close, and the list continues to grow. The banks are required to provide 90 days advance notice of a location closing. Unfortunately for Wisconsin customers, this week, three locations in Wisconsin were listed to close.
Banks Closing in Wisconsin
- US Bank. 611 Center Ave, Sheboygan
- Bank First. 202 North Hickory St, Whitelaw
- JP Morgan. 12701 West Hampton Ave, Butler
According to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.
While some people do their banking online, many still prefer to visit a branch to conduct their finances, so these closures will cause some concern to some customers.
I will continue to update this list, so if you wish to be updated with the latest developments, make sure you click the follow button.
Your thoughts
Do these branch closures affect you? Will you move to online banking? Should branches stay open for people who prefer to conduct their banking in person? Do you have confidence in your local bank?
Please leave your thoughts in the comment section below and share this article on social media and with others so more people can join the discussion.
