Friday, July 19, 2024

Fury as multiple banks including Wells Fargo close 30 branches in just one week


Fury as multiple banks including Wells Fargo close 30 branches in just one week - is YOURS affected?


US banks have announced the closure 30 more branches across the US - all in just one week. 

Wells Fargo said it would be shuttering nine - more than any other bank - in the latest weekly closures report, which runs from July 7 to 13. 

Bank of America and US Bank both said that they are closing eight locations each, while Chase one. 

The others are from FSNB, Greenville Fed, Huntington and Schaumburg Bank & Trust Co.

Ohio was the worst hit state, losing four locations in the week, followed by Californiawhich lost three. Scroll down for the full list with addresses.

The closures were reported to the Office of the Comptroller of the Currency (OCC) who reports the figures in a weekly bulletin. 

The closures represent a trend as major banks move away from expensive brick-and-mortar branches in favor of online services. 

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