Banks closed 539 local branches across the country in the first half of the year - leaving more and more Americans without access to basic financial services.
If the rate continues for the rest of 2024,it will mean more than 1,000 branches wiped from malls,and town and city centers.
Bank of America closed the most branches,a total of 90 in just six months.
U.S. Bank also made substantial closures,shuttering 73 of their locations in the same period. Wells Fargo shut 62,Chase 53 and TD Bank 52. Scroll down for the full searchable list with addresses.
The closures,which banks must report to federal regulator,represent a trend as major banks move away from expensive brick-and-mortar branches in favor of online services.
Bank of America closed the mot branches in the first half of 2024
'These shifts in our branch network reflect that,more and more,our clients are using digital banking for their everyday financial needs and coming into financial centers for more significant needs or to have conversations about their finances,' the corporation explained.
US bank also highlighted clients' migration towards online banking and 'desire for greater simplicity' as reasons for their mass closures.
'As we evolve along with our clients,we are reevaluating our physical footprint,and in some instances,consolidating branch locations in select markets,' the bank said in a statement.
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Wells FargoThe Chase
