Major American bank closes 203 locations across seven states in 2023 as branch bloodbath rages on

A MAJOR bank has announced it’s closing over 200 locations in 2023 across several states as other banks follow suit.

PNC Bank has reportedly closed thousands of branches since 2012 and will seemingly continue shuttering more in 2023.

The company holds a spot as the sixth-largest bank in the United States, with about 14million customers, per The Ascent.

Its assets total over $550billion, but a statement from the Office of the Comptroller of Currency in April confirmed 30 additional closures from PNC Bank this year in at least seven states.

Branches in Florida, Illinois, Alabama, Maryland, Ohio, Texas, and Virginia all endured closings.

The District of Columbia also saw shuttered branches.

Data showed that the total number of closed PNC Bank branches is up to 203 in total.

All 30 locations in the seven states closed by July 21, per Yahoo! News.

It’s unclear if PNC Bank has any more closures set for 2023, but The U.S. Sun has contacted the bank holding company for more information.

Even so, fears of a so-called banking desert continue.

As The U.S. Sun previously reported, Wisconsin-based chain Associated Bank announced the closures of at least nine branches in the Midwest by the end of fall.

The company originally noted in August that it would shutter six locations, but that number was increased.

The chain said the closings come from consolidating its efforts and decreasing walk-in operations, per Newsbreak.

Seven of the nine branches will close in Wisconsin.

The two others will close for good in Illinois and Minnesota.

Since 2020, Associated Bank has closed at least 30 locations, leaving 194 branches by Christmas in 2023.

Associated Bank promised to help displaced employees transfer to new positions within the bank holding company amid the shutdowns.

Some states are also suffering branch losses more than others amid the branch bloodbath, including California.

The Golden State saw 16 branches shutter their doors in August, and another 10 will reportedly close by the end of September.

Bank of America, Wells Fargo, Citibank, JP Morgan, and Flagstar Bank are all closing locations.

More than 1,100 bank branches have shut down branches this year, according to data collected by Crowdfund Insider.

For more related content, check out The U.S. Sun’s coverage of Chase Bank’s five closing branches in Washington State.

The U.S. Sun also has the story on Wells Fargo’s announcements of three additional branch closures by November 1.