US Bank filed to close 23 branches in a single week while Wells Fargo will ax five – is YOUR local affected?
- In January, banks said they would close more than 140 branches across the US
- US Bank filed to close 23 in a single week – seven branches were in Oregon
- Have you been affected by a bank closure? Email [email protected]
American banks are continuing to close costly branches this year, notifying their regulator of a total of 36 closures in a single week.
At the head of the pack was US Bank, which between January 28 and February 3 told its regulator it would close 23 branches across the country – seven are in Oregon.
It was followed by Wells Fargo, which reported to the Office of the Comptroller of the Currency (OCC) it would shut five. Two were in California but the rest were scattered across the US.
Capital One closed three branches in DC, Maryland and Virginia. Other banks to have filed to close locations that week include Bank of America, Fifth Third, First American Trust in Florida, First National Bank in Texas, and Chase.
(Map and full list of closures filed between January 28 and February 3 shown below)
US Bank notified its regulator that it would close some 23 branches across the country – seven of which were in Oregon
The number of bank branches in the US has shrunk by almost 20 percent over the last decade, from some 85,000 in 2014 to fewer than 70,000 today, according to FDIC and OCC data.
While the pandemic accelerated the rollout of online banking services, closures have continued in the years since.
In 2023, a DailyMail.com analysis of OCC data revealed that more than 1,500 branches closed.
While the trend is affecting almost every major US bank, one exception is Chase.
Last week, the bank said it would open 500 branches by 2027, investing billions in cities like Boston, Charlotte, Minneapolis, Philadelphia and the DC area.
Its planned expansion sets it apart from other banks like Wells Fargo, Bank of America and US Bank.
Last year, Chase was the only major bank to open more branches than it closed.
Wells Fargo said it would shut five branches in the US
It opened 195 branches between January 1 and December 22 – almost six times more than Bank of America, which came in second with just 32 branches opened.
The OCC must be notified each time a bank wants to shut or open a branch.
In a statement to DailyMail.com, the OCC said it ‘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 it to object or stop the closure.
| Bank | City | State | Location |
|---|---|---|---|
| U.S. Bank NA | Alma | AR | 115 Highway 64 West |
| U.S. Bank NA | O’Fallon | IL | 400 S. Lincoln Ave. |
| U.S. Bank NA | Irvine | KY | 127 Broadway |
| U.S. Bank NA | Elkhorn City | KY | Russell Street and Patty Loveless Drive |
| U.S. Bank NA | Moorhead | MN | 3300 Highway 10 East |
| U.S. Bank NA | Blooming Prairie | MN | 236 East Main Street |
| U.S. Bank NA | Hermitage | MO | Corner Of Spring & Polk |
| U.S. Bank NA | Shelbina | MO | 300 South Center |
| U.S. Bank NA | Chester | MT | 4 Adams Avenue East |
| U.S. Bank NA | Shelby | MT | 201 Main Street |
| U.S. Bank NA | Beatrice | NE | 202 North Sixth Street |
| U.S. Bank NA | Sugarcreek | OH | 214 North Factory Street |
| U.S. Bank NA | Lakeview | OR | 518 North First Street |
| U.S. Bank NA | Roseburg | OR | 619 Southeast Main Street |
| U.S. Bank NA | Sheridan | OR | 206 South Bridge |
| U.S. Bank NA | Milton-Freewater | OR | 610 East Broadway Street |
| U.S. Bank NA | Portland | OR | 4920 Northeast Forty-Second Avenue |
| U.S. Bank NA | John Day | OR | 129 North Canyon Boulevard |
| U.S. Bank NA | Clatskanie | OR | Evergreen Shopping Center Highway 30 |
| U.S. Bank NA | Connell | WA | 800 South Columbia Avenue |
| U.S. Bank NA | Wisconsin Rapids | WI | 311 West Grand Avenue |
| U.S. Bank NA | Siren | WI | 24049 State Road 35 |
| U.S. Bank NA | Green River | WY | 285 Uinta Drive |
| Wells Fargo Bank, N.A. | Baldwin Hills | CA | 3480 S. La Brea Avenue |
| Wells Fargo Bank, N.A. | La Puente | CA | 1801 N. Hacienda Boulevard |
| Wells Fargo Bank, N.A. | Wilmington | DE | 814 Philadelphia Pike |
| Wells Fargo Bank, N.A. | Atlanta | GA | 8721 Roswell Road |
| Wells Fargo Bank, N.A. | Orem | UT | 77 North State Street |
| Capital One, NA | Washington | DC | 1200 F Street, NW |
| Capital One, NA | Chevy Chase | MD | 8401 Connecticut Avenue |
| Capital One, NA | Arlington | VA | 2100-F Crystal Drive |
| Bank of America, NA | Charlottesville | VA | 180 McCormick Rd. |
| Fifth Third Bank, NA | Riverview | FL | 10417 Gibsonton Drive |
| First American Trust, FSB | Maitland | FL | 2301 Maitland Center Parkway |
| First NB Texas | Buda | TX | 15300 South IH 35 |
| JPMorgan Chase Bank, NA | Cincinnati | OH | 867 Wyler Park Drive |
