Chase Announces Closure of More than a Dozen Branches in February and March 2024

The closures of major banks continue in 2024, with Chase announcing the closure of several branches in February and March. This trend reflects the shifting consumer habits towards online banking and decreased reliance on physical branches. The Office of the Comptroller of the Currency (OCC) in the United States presents weekly reports on the subject and requires companies to notify at least 90 days in advance. Last year, more than 150 Chase branches closed, and the company attributes this to the changing consumption habits of its customers. The closures in February and March include locations in Florida, Illinois, Oregon, Michigan, California, and Washington. The shift towards online banking continues to impact the physical footprint of major banks in the United States.