The big banks, including Wells Fargo, closed even more branches

These are only the latest closures reported at the office of the Currency Controller.


Closing Banking branches This is not necessarily a surprising new, because more and more customers are now counting on the convenience of online banking services. But the rate at which the banks are steated may seem slightly worrying, as several large banks have recently announced closures, including PNC, Santander and Wells Fargo. Now there are more banks that exceed their locations, and your local branch could be assigned. Read the rest to discover the latest banking closures.

Read this then: The big banks, including Wells Fargo, firmly more branches, from May 17 .

Wells Fargo announced 17 other closures.

glass door with store closed sign
Shutterstock / Shutters

According to the weekly bulletin of April 29 of the US Currency Controller (OCS), several large banks are closing to come "But Wells Fargo leads the pack.

According to the latest bulletin, Wells Fargo plans to close 17 additional branches in 12 states: Washington, Arizona, Georgie, Iowa, Minnesota, Wisconsin, Nevada, Utah, Connecticut, Virginie, New Jersey and Texas.

According to the WCI directives, banks must provide notice at least 90 days before banking closings, and as these branches were identified at the end of April, as soon as they could close, it was at the end of July.

These closures are only the last to be reported.

August 10, 2019 San Francisco / CA / USA - Wells Fargo branch in SOMA district
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In recent months, Wells Fargo has informed the West about dozens of closing branches. In fact, since early February, the bank has informed the agency of around 100 fence branches, with closures listed in separate bulletins .

"Branches continue to play an important role in the way we serve our customers," said a company spokesman previously Best Life on the bank's branch strategy. "In addition, customers use our wide range of digital capacities for many of their banking needs and, therefore, more transactions take place outside the branch. The use of digital banking and market factors."

Better life Contacted Wells Fargo about the latest closures, and will update history when we hear.

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A handful of JPMorgan Chase branches are also on the cutting block.

jpmorgan chase
Ungvar / Shutterstock

Wells Fargo is not the only one in closing banks, because Jpmorgan Chase also informed the occurrence of the plans to close three branches, according to the Bulletin of April 29. The closing places are in Queens and Nassau, New York and Los Angeles, California. AE0FCC31AE342FD3A1346EBB1F342FCB

Better life contacted JPMorgan Chase and will update the story when I heard.

According to the bulletin, other large banks are also closing individual locations in the coming months, notably Bank of America and Fidelity Bank, which respectively close the branches in Hoboken, New Jersey and Wichita, Kansas.

Santander Bank and PNC also have closures on the file.

pnc bank branch
Jonathan Weiss / Shutterstock

Santander is also hysing locations this summer, closing 17 branches in Massachusetts, according to April 22 weekly bulletin .

In a declaration of the company previously provided to Better life , Santander said: "Like many industries, the preferences of our customers have changed, with more customers choosing to banish with us online. Therefore, we reinvent the customer and employee experience by simplifying our processes, by refining our Branch imprint and increasing our investment in digital capacities to align with the evolutionary needs of our customers. "

PNC closures are more widespread because the firm bank 30 other branches in seven states - Virginia, Texas, Maryland, Ohio, Florida, Alabama and Illinois - by the Bulletin OCC of April 22. In a statement previously provided to Better life , PNC confirmed that the locations will stop on July 21.

The PNC spokesperson noted that the decision to close the 30 additional branches had been taken as a result of an examination process.

"We remain determined to provide our objective of advancing financially, and we are convinced that we can meet or exceed the needs of our customers in nearby branches, alongside other available banking methods," said the holder Word.

In total, PNC firm More than 200 locations this year, by the Pittsburgh Business Times "Calculations.


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