Major US banks close more than 100 branches in two months
Wells Fargo closed 31 branches, more than any other institution in the period. Regulators recently lifted its $1.95 trillion asset cap. The banks did not immediately respond to the Daily Mail's request for comment.
Bank of America followed with 15 closures, while Community Bank cut 12. Chase closed 8, and a further 39 were closed by a range of banks including PNC, Santander and UMB Bank. Scroll down to see the full list with addresses.
New York was the worst hit state, losing 11 community branches around the state in the two-month period. Texas and Pennsylvania followed closely, both seeing 10 closures, followed by California which saw nine and Florida, eight.
Banks are required to alert the OCC before shutting down a branch and the federal agency then publishes the filings in a weekly report. While the listings indicate intent to close, they are not final confirmations.
In 2024, banks closed a total of 1,043 branches nationwide and the trend has only accelerated in 2025 with 272 closures logged in the first quarter alone. In April, institutions closed a further 42 branches, and by mid-May another 36 had been wiped out.
New research also recently revealed that the last physical branch could close in 2041. Experts from Self Financial reached the number by studying the rate of net closures across the country, which has averaged 1,646 each year since 2018. 'Retail bank closures in the US aren't slowing,' Darren Kingman from Root Digital told DailyMail.com. 'The last time this many people shared a local branch was in 1995,' he explained.
Kingman warned that while the US edges toward a cashless future, over 200 million Americans still deposit cash — meaning longer lines and worse service as access shrinks. Despite the digital shift, a new GoBankingRates survey also found 45 percent of Americans still prefer in-person banking. 'The shift towards online banking is growing more intense in 2025,' GoBankingRates lead data content researcher Andrew Murray told DailyMail.com. 'Despite the trend towards online banking, our survey data shows more than half of Americans are concerned about the rising number of physical branches that have shut down in the past few years,' Murray explained. 'Meanwhile, a whopping 76 percent says that the current banking system needs small or major changes.' Further to this, more than half of respondents said they were concerned about the rising number of physical bank branch closures over the last few years.
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