Banking

Bank of America, Chase, Capital One, US Bank and PNC and are among ten national banks to shutter 41 locations in a single week – is yours affected?


  • PNC said it would close ten branches in the week starting January 15 alone
  • It was followed by US Bank and Bank of America, which filed for nine and eight
  • Chase bucked the trend by continuing to open more banks than it closes
  • Do you still go to the bank or can you manage your finances online? Email [email protected] about how closures are – or aren’t – affecting you 

Over the course of just one week, American banks said they would close 41 branches around the country.

Bank of America, Chase, Capital One, US Bank and PNC are among those axing costly brick-and-mortar locations – as the industry increasingly offers services online.

PNC said in a filing to its regulator it would close ten branches across six states, including Georgia, Maryland, Michigan, Pennsylvania, Texas and Wisconsin.

Meanwhile, in the week starting January 15, US Bank said it would shut nine branches and Bank of America would shut eight.

First National Bank of Pennsylvania and Huntington each notified the Office of the Comptroller of the Currency (OCC) that it would close four.

PNC said in a filing to its regulator it would close ten branches across six states, including Georgia, Maryland , Michigan , Pennsylvania , Texas and Wisconsin. Pictured is a branch in Chicago

PNC said in a filing to its regulator it would close ten branches across six states, including Georgia, Maryland , Michigan , Pennsylvania , Texas and Wisconsin. Pictured is a branch in Chicago

US Bank said in the week starting January 15 that it would shut nine branches across the US

US Bank said in the week starting January 15 that it would shut nine branches across the US

Capital One, which also said it would shut four branches the week prior, notified the regulator of another two scheduled closures, both in Virginia.

A handful of other banks said they would close branches. Fifth Third, Chase, KeyBank and Woodforest also announced closures that week. 

However, some of the same banks also filed to close branches also sought to establish new ones. Huntington, Fifth Third, US Bank, Bank of America and Woodforest each filed to open one location.

During the week Chase continued its trend of opening more branches than it closes by opening two in Ohio and Kentucky – meaning it had a net gain of one.

In 2023, Chase closed 157 branches in total but opened 195. It was the country’s only leading bank to enter 2024 with more brick-and-mortar locations than it had a year earlier.

The number of bank branches in the US peaked at over 85,000 in around 2011. Over the last 10 years, it has shrunk by approximately 13,000, according to a combination of data from the FDIC and the OCC.

The Covid pandemic catalyzed the already-rapid uptake of online banking and although 2020 saw the sharpest decline in the number of branches, closures have continued.

Chase was the country's only leading bank to enter 2024 with more brick-and-mortar locations than it had a year earlier. Pictured is a branch in lower Manhattan this month

Chase was the country’s only leading bank to enter 2024 with more brick-and-mortar locations than it had a year earlier. Pictured is a branch in lower Manhattan this month

‘The trend for the future is more consolidation of branch locations but branches are not going away,’ Greg McBride, chief financial analyst for Bankrate.com, told DailyMail.com.

‘There are still going to be to bank operations, as a center for consultation or as a sales floor, but they are used less and less for routine transactions, which are increasingly done digitally,’ he said.

According to a DailyMail.com analysis of OCC data, banks last year closed branches in California and the Midwest faster than anywhere else.

Dozens filed notices to close a total of 1,566 branches. In contrast, they only notified the regulator of plans to open 472.

BANK BRANCH CLOSURES JANUARY 14 – JANUARY 20
Bank City State Location
PNC Bank, NA Alpharetta GA 5320 Flynn Crossing Dr.
PNC Bank, NA Hollywood MD 24385 Mervell Dean Road
PNC Bank, NA Livonia MI 19450 Haggerty Road
PNC Bank, NA Pinckney MI 222 West Main Street
PNC Bank, NA East Stroudsburg PA 60 Washington Street
PNC Bank, NA Pittsburgh PA 178 Bakery Square
PNC Bank, NA Pittsburgh PA 4761 Liberty Avenue
PNC Bank, NA Pittsburgh PA 5932 Centre Avenue
PNC Bank, NA Broaddus TX 411 State Highway 147
PNC Bank, NA Cudahy WI 6042 South Packard Avenue
U.S. Bank NA Long Beach CA 400 Oceangate Boulevard
U.S. Bank NA Ventura CA 6040 Telegraph Road
U.S. Bank NA Dewitt IA 712 11Th Street
U.S. Bank NA Boise ID 8534 Franklin Road
U.S. Bank NA Fort Benton MT 1304 Front Street
U.S. Bank NA Las Vegas NV 4505 Maryland Parkway, Student Union #119
U.S. Bank NA Salt Lake City UT 2714 S. 300 West
U.S. Bank NA Menasha WI 150 Main Street
U.S. Bank NA Brown Deer WI 4200 West Brown Deer Road
Bank of America, NA Scottsdale AZ 7014 E. Camelback Road
Bank of America, NA Tucson AZ 5870 East Broadway D-4
Bank of America, NA Gilroy CA 8375 Arroyo Cir #46
Bank of America, NA Temecula CA 40750 Winchester Road
Bank of America, NA Brandon FL 459 Brandon Town Center
Bank of America, NA Jacksonville FL 10300 Southside Boulevard
Bank of America, NA Albuquerque NM 6600 Menaull Northeast
Bank of America, NA Portland OR 9585 SW Washington Square Road
First NB of Pennsylvania Annapolis MD 1372-B Cape St Claire Rd
First NB of Pennsylvania Jefferson NC 709 E Main St
First NB of Pennsylvania Pittsburgh PA 3908 Perrysville Avenue
First NB of Pennsylvania Davidsville PA 110 South Main St
Huntington NB Hickory Hills IL 9528 Roberts Road
Huntington NB River Forest IL 7525 W. Lake Street
Huntington NB Gaylord MI 2091 S Otsego Ave.
Huntington NB Coon Rapids MN 12900 Riverdale Drive N.W.
Capital One, NA Manassas VA 5575 Ashland Community Square
Capital One, NA Fairfax VA 3941 Pickett Road
Fifth Third Bank, NA Madisonville KY 149 South Main Street
JPMorgan Chase Bank, NA New York NY 42 Broadway
KeyBank NA Bellevue WA 601 108Th Avenue, N.E.
Woodforest NB Aberdeen MD 645 S. Philadelphia Blvd.



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