PNC Bank shutters 19 branches in a single WEEK as US Bank, JPMorgan Chase and Bank of America also close locations – is your local affected?
- PNC notified the regulator of 19 upcoming bank branch closures last week
- Citizens Bank targeted six branches in a handful of cities across New York State
- Although Chase filed to close four, it also said it would open 12 new branches
Seven banks filed to close 42 branches last week, leaving a growing number of Americans with limited access to basic financial services.
PNC Bank led the pack with 19 filings to the regulator between November 12 and November 18.
Of those closures, five are set to impact Pennsylvania. Four were registered in Illinois and three were in Texas, according to records published by the Office of the Comptroller of the Currency (OCC).
US Bank announced the second highest number of closures, notifying the agency of plans to ax seven locations – three of which are in Tennessee.
Between November 12 and 18, PNC Bank filed to close 19 bank branches throughout the country
JPMorgan Chase filed to close four branches but compensated for those closures by notifying the OCC of plans to open another 12
Citizens Bank filed to close six branches, all of which are in New York state.
Bank of America and JPMorgan Chase said they would each shutter four locations, while Huntington and Sterling notified of just one closure each.
In October, Huntington filed to close 26 locations across the Midwest.
According to its website, Starling Bank and Trust has almost 30 branches, most of which are in California.
Though Chase filed to shut four branches, it more than compensated for the closures by notifying the OCC of plans to open another 12. The only other bank to inform the regulator of a new branch was First National.
When most banks close a branch they must notify the regulator, the OCC.
In a statement to DailyMail.com, a spokesperson for the agency said: ‘The OCC understands the importance of bank branches and is committed to supporting access to banking services in all communities.’
The watchdog also noted that although banks and credit unions need to notify the ‘primary regulator of closures’, the statute that requires them to do so does not allow the regulator to object.
In October, Huntington filed to close 26 locations across the Midwest. Pictured is a branch in Pittsburgh, Pennsylvania
Sterling Bank filed to close just one branch in San Francisco, P
This year alone a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states, according to data from S&P reviewed by DailyMail.com.
These most recent closures come after an exclusive poll by DailyMail.com revealed 51 percent of consumers said they were very or somewhat concerned about the declining number of bank branches.
The survey also found that brick and mortar services were less accessible to black Americans. While 14 percent of black Americans said they did not have a local branch, that was only the case for 8 percent of white Americans.
Have bank branch closures been affecting you or are you able to manage your financial affairs online? Write us an email at [email protected].
Bank | City | State | Location | ||
---|---|---|---|---|---|
PNC | Mobile | AL | 321 Bel Air Blvd | ||
PNC | Montgomery | AL | 2811 Eastern Blvd | ||
PNC | Gainesville | FL | 1140 N Main St | ||
PNC | Countryside | IL | 5650 South Brainard Ave | ||
PNC | Bloomington | IL | 2217 W Market St | ||
PNC | Springfield | IL | 1949 E Sangamon Ave | ||
PNC | Wauconda | IL | 505 West Liberty Street | ||
PNC | Indianapolis | IN | 8733 Us Highway 31 South | ||
PNC | Hadden Heights | NJ | 528 Station Ave | ||
PNC | Orange | NJ | 410 Main St | ||
PNC | Columbus | OH | 1040 Mt. Vernon Ave | ||
PNC | Bath | PA | 202 N Walnut St | ||
PNC | Morrisville | PA | 301 West Trenton Ave | ||
PNC | Plains | PA | 14 N Main St | ||
PNC | New Castle | PA | Two North Mill Street | ||
PNC | Williamsport | PA | 1969 E 3Rd St | ||
PNC | Harlingen | TX | 115 E Van Buren Ave | ||
PNC | Harlingen | TX | 407 S Commerce St | ||
PNC | Mesquite | TX | 801 W Kearney St | ||
U.S. Bank | Bolingbrook | IL | 755 East Boughton Road | ||
U.S. Bank | St. Louis | MO | 615 New Ballas Road | ||
U.S. Bank | Owensville | OH | 375 West Main St | ||
U.S. Bank | Decherd | TN | 1910 Decherd Blvd | ||
U.S. Bank | Knoxville | TN | 7608 Mountain Grove Drive | ||
U.S. Bank | Powell | TN | 7350 Clinton Highway | ||
U.S. Bank | Menomonee Falls | WI | N56 W17000 Ridgewood Drive | ||
Citizens | Rochester | NY | 2345 Buffalo Road | ||
Citizens | Canandaigua | NY | 5150 North St | ||
Citizens | Depew | NY | 4777 Transit Road | ||
Citizens | Hamburg | NY | 4250 Mckinley Parkway | ||
Citizens | N. Tonawanda | NY | 301 Meadow Drive | ||
Citizens | Cheektowaga | NY | 3865 Union Road | ||
Bank of America | Upland | CA | 40 West Foothill Blvd | ||
Bank of America | Braintree | MA | 250 Granite St | ||
Bank of America | New York | NY | 72 Second Ave | ||
Bank of America | Coppell | TX | 780 South Macarthur Blvd | ||
JP Morgan Chase | Greenwich | CT | 3A Pickwick Plaza | ||
JP Morgan Chase | Greenwich | CT | 197 Greenwich Avenue | ||
JP Morgan Chase | Woodstock | IL | 200 Eastwood Drive | ||
JP Morgan Chase | Rochester | NY | 500 Joseph C Wilson Blvd | ||
Huntington | Youngstown | OH | 23 Federal Plaza | ||
Sterling | San Francisco | CA | 1900 Fillmore St |