Banking

Citizens, Bank of America and Capital One wipe out dozens of locations in just ONE week as they become latest victims of the ‘bank branch bloodbath’


  • In the second week of 2024, Citizens and Bank of America filed for closures 
  • It was a strong week for openings too – 10 banks filed for a total of 15
  • 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 

Citizens, Bank of America, Capital One and Wells Fargo were among the US banks to close a total of 47 branches around the country last week.

Banks this year are continuing to shut costly brick-and-mortar locations as the industry increasingly favors online banking.

Citizens Bank filed to close 17 branches in the second week of January, according to a bulletin published on Friday by its regulator, the Office of the Comptroller of the Currency (OCC).

Those closures are scheduled in Massachusetts, Michigan, New Hampshire, New Jersey, Ohio and Pennsylvania. It is a continuation of the bank’s strategy last year, during which it notified the OCC of more than 80 closures.

Citizens Bank led the pack in terms of bank branch closures in the second week of January. It notified the OCC of plans to shutter 17 locations. Pictured is a branch in Philadelphia, Pennsylvania

Citizens Bank led the pack in terms of bank branch closures in the second week of January. It notified the OCC of plans to shutter 17 locations. Pictured is a branch in Philadelphia, Pennsylvania

Bank of America indicated it would shut 11 branches throughout the Southeast and Southwest. Pictured is a branch in SoHo in New York City

Bank of America indicated it would shut 11 branches throughout the Southeast and Southwest. Pictured is a branch in SoHo in New York City

And Bank of America indicated it would shut 11 branches throughout the Southeast and Southwest that week.

It too has a strong record of closing in-person banking locations. Last year it shuttered 157 and only opened 34.

Capital One said it would shut four branches – all of which were in New York State.

A smattering of other banks said they would close branches. They were Wells Fargo, Huntington National Bank, Landmark National Bank, First Federal Savings & Loan, and Pikes Peak National Bank.

Though Huntington closed one branch it said it would open three branches – two in Colorado and one in North Carolina.

Chase continued its trend of opening more branches than it closes. In 2023, it closed 157 but opened 195.

Last week it did not file for any closures and said it would open two branches – in Tennessee and California.

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. 

Capital One said it would close four branches in the US. Pictured is a location in Union Square in New York City

Capital One said it would close four branches in the US. Pictured is a location in Union Square in New York City

Dozens of banks filed notices to close a total of 1,566 branches in 2023, according to data from the Office of the Comptroller of the Currency. Red markers indicate closures; green markers are openings

Dozens of banks filed notices to close a total of 1,566 branches in 2023, according to data from the Office of the Comptroller of the Currency. Red markers indicate closures; green markers are openings

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.

‘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 last week.

‘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 7 – JANUARY 13 
Bank City State Location
Bank of America, NA Tempe AZ 5000 South Arizona Mills Court
Bank of America, NA Chandler AZ 3111 W Chandler Boulevard
Bank of America, NA Glendale AZ 7700 West Arrowhead Towne Center
Bank of America, NA Martinez CA 1175 B Arnold Drive
Bank of America, NA Rancho Cucamonga CA 12434 North Main Street
Bank of America, NA Fort Lauderdale FL 2414 East Sunrise Boulevard
Bank of America, NA Coral Springs FL 9469 West Atlantic Boulevard
Bank of America, NA Lakeland FL 3800 Us Highway 98 N
Bank of America, NA Atlanta GA 3393 Peachtree Road, NE
Bank of America, NA Atlanta GA 4400 Ashford Dunwoody Road
Bank of America, NA Henderson NV 1300 W Sunset Road
Capital One, NA New York NY 991 Third Avenue
Capital One, NA New York NY 470 Park Avenue South
Capital One, NA New York NY 347 Sixth Avenue
Capital One, NA New York NY 1166 Avenue Of The Americas
Citizens Bank, NA Wilbraham MA 455 Main Street
Citizens Bank, NA Boston MA 560 Commonwealth Avenue
Citizens Bank, NA Grosse Pointe Woods MI 19307 Mack Avenue
Citizens Bank, NA Manchester NH Meeting Place Route 101
Citizens Bank, NA Goffstown NH 605 Mast Road
Citizens Bank, NA Lawrenceville NJ 669 Whitehead Rd
Citizens Bank, NA Atlantic Highlands NJ 1000 Hwy 36
Citizens Bank, NA Howell NJ 4255 US Highway 9
Citizens Bank, NA Uniontown OH 3875 Massillon Road
Citizens Bank, NA Massillon OH 115 Tommy Henrich Nw
Citizens Bank, NA Akron OH 3979 Medina Road
Citizens Bank, NA Greensburg PA 5142 State Rt. 30, Suite 1
Citizens Bank, NA Pittsburgh PA 5301 Grove Rd, Suite 2
Citizens Bank, NA Shippensburg PA 153 West Orange Street
Citizens Bank, NA Philadelphia PA 11000 Roosevelt Boulevard
Citizens Bank, NA Warminster PA 824 East Street Road
Citizens Bank, NA Paoli PA 39 Leopard Drive
First FS&LA Sandusky OH 207 West Washington Row
Huntington NB Pittsburgh PA 650 Smithfield St.
Landmark NB Overland Park KS 8101 West 135th Street
Pikes Peak NB Fountain CO 6615 Camden Boulevard
Wells Fargo Bank, NA San Francisco CA 1335 Webster Street



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