6 banks, including Wells Fargo and Bank of America, closing the branches this fall

Several banking companies continue to make discounts of their retail spaces.


It has long spent on the days we were go to the bank To place checks and withdraw money. Now, most of us opt for digital banking services - and large companies certainly feel the success of their brick and mortar spaces. Consequently, many reduce their physical imprint, including Wells Fargo, Bank of America and Chase. Read the rest for a complete list of the six major branches close banks this fall.

In relation: Walgreens and CVS close more locations, from tomorrow .

1
Wells Fargo

The exterior of a Wells Fargo branch with people walking by
istock

Wells Fargo has reduced hundreds of branches in recent years. In 2021, CNBC indicated that the company had closed the most Locations of any other bank, with a total of 267 closed that year. And these closures continued until 2023.

Wells Fargo just closed two branches September 13: one in Redondo Beach, California, and the other in Richmond, Virginia.

But the bank plans to close even more branches this fall. Wells Fargo will have broken down two other branches In the Richmond region in the coming weeks, one is expected to close on October 18, and the other on November 1, Richmond Bizsense reported. The company is also turn off A location in Charlottesville on November 1, according to The US sun .

Outside Virginia, Wells Fargo is also Closing of two branches In the cities of the New Mexico of Bosque Farms and Santa Teresa on October 4, the Business Journal Albuquerque reported. A location in Alentown, Pennsylvania, Close Also on November 1, WFMZ-TV reported.

"The branches continue to play an important role in the way we serve our customers in combination with our digital channels and our automatic ticket distributors", " Amy Amirault , The assistant vice-president of communications from Wells Fargo consumers, said in a press release Better life . "As customer preferences and transaction models are changing, our branches too. We serve."

In relation: Wells Fargo closes even more branches, from October 4 .

2
America Bank

AUSTIN, TX - SEPT 2: A Bank of America branch in Austin, Texas on September 2, 2011. The US government announced that it will sue Bank of America for selling toxic mortgage-backed securities.
istock

Bank of America also worked through a series of branch closings in a state: California. According to Newsbreak, the Federal Currency Controller Office (OCC) said the company is planned climb at least 12 different locations in California until the end of October.

The closings will affect the following cities: Costa Mesa, San Marcos, Los Angeles, Anaheim, Morgan Hill, Santa Clara, San Jose, Moraga and San Francisco.

3
National Bank of the City

A City National Bank branch office on 6th Avenue in New York City, USA. City National Bank is a subsidiary of Royal Bank of Canada.
Dropout

The city's national bank also provides for a closure in California. The company is constantly settled branch In downtown San Francisco, the San Francisco Business Times reported. This location will end for good on October 13, according to the media.

In relation: PNC Bank Farm 30 additional branches .

4
Hunting

jpmorgan chase
Dropout

Chase Bank also has at least one cup this fall. The company is ready to branch In Denver, Colorado, November 7, reported Den Den. It comes after Chase has already closed Three other branches This year in New York and New Jersey, according to The US sun .

"We continue to invest in our network of branches to provide experiences and services that our customers love," said Chase in a press release Better life . "We are the only major bank with significant investments in new branches, adding more than 650 in the past five years, and we are the first and only banks to have branches in all 48 states. Improve our network of Branches sometimes includes the consolidation or closure of branches, such as the University Hills branch, Denver. We have two branches which are a little more miles of this place, allowing us to serve more customers in the region. "

5
First Citizens Bank

A First Citizens Bank branch on Farnam St in Omaha, NE, United States, May 7, 2023.
Dropout

As with Chase, First Citizens Bank is end At least one of its branches this fall. The company closes retail operations in a location of North Carolina in the Charlotte region, the Charlotte Business Journal reported.

The location of First Citizens Bank on Catawba Ave. In Cornelius will close as retail bank to customers on October 5, but will remain open as office location, according to the media. AE0FCC31AE342FD3A1346EBB1F342FCB

In relation: Lidl closes the locations in 6 states immediately .

6
Santander

Dropout

Santander Bank has considerably reduced his physical presence in the past year. The company closed 19 branches in Massachusetts in July and August, according to Boston 25 News. Santander had Announced plans To close at least 13 branches in New Jersey and Philadelphia at the start of the year, by NJ.com.

But its last closure occurred this week: Santander Bank closed a location In the canton of Susquehanna, Pennsylvania, on September 14, reported Pennlive.

"Like many industries, the preferences of our customers have changed, with more customers choosing to banish with us online," said Santander in a press release Better life . "Consequently, we reinvent the experience of customers and employees by simplifying our processes, by refining our branch footprint and by increasing our investment in digital capacities to align with the evolutionary needs of our customers."

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Categories: Smarter Living
Tags: Finance / News /
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