Bank Closures Continue in the United States
In the United States, the closure of bank branches continues to be a topic of concern for millions of customers. Several major financial institutions have recently announced the closure of some of their branches, impacting many customers and businesses.
Among the latest banks to reveal branch closures are Wells Fargo, TD Bank, Chase, and Citibank. The west coast of the United States has been particularly hard hit by this trend, with closures affecting states such as California, Nevada, and Oregon.
The Office of the Comptroller of the Currency (OCC) reported that TD Bank and Wells Fargo are among the banks closing the most branches. TD Bank plans to close at least 20 locations in the United States, with branches in states like New York, Vermont, and South Carolina set to cease operations.
Wells Fargo is also closing eight branches in states including Florida, California, and Georgia. Other major banks like Bank of America, Citibank, and Capital One are also closing branches in various states like California, New York, and Michigan.
Chase has also announced branch closures, but specific details and dates have not yet been provided. Bank closures have been a continuing trend in the United States, with Bank of America previously announcing the closure of 50 branches across the country starting in early 2024.
While not all closures have been finalized, it is expected that more branches will cease operations in the coming months, affecting both customers and employees. Stay tuned for more updates on this developing story.