Los 40 USA
Sign in to commentAPP
spainSPAINchileCHILEcolombiaCOLOMBIAusaUSAmexicoMEXICOlatin usaLATIN USAamericaAMERICA
Latest news

FINANCE

Which US banks are closing in September 2023? Santander, Wells Fargo, Bank of America…

There has been an increase in bank branches closing since the pandemic disrupted how people go about their daily lives. Here’s a list of upcoming closures.

Calum RocheEnglish_AS
Daniela BarreraDann_arvz
Update:
0
There has been an increase in bank branches closing since the pandemic disrupted how people go about their daily lives. Here’s a list of upcoming closures.
Vivek PrakashREUTERS

There has been an increase in bank branches closing since the pandemic disrupted how people go about their daily lives. Amid the rise of online banking and mergers in the industry, there are half as many financial institutions as there were two decades ago.

“We continuously evaluate our branch network in light of changing customer needs,” said Wells Fargo as the impact of online banking on local financial institutions continues to take effect. This change, something that is being felt across other developed countries, is seeing bank branches close throughout the United States, and in recent days further announcements have been made by several financial institutions.

Why are banks closing in the US?

The reason for more and more bank doors to be closed is simple enough. As foot traffic has reduced over the years so too has the need to invest in staff and brick-and-mortar locations to service the public’s financial needs, instead switching that investment into digital support.

“Like many industries, our customers’ preferences have changed, with more customers choosing to bank with us online,” Santander said in a statement to customers. “Therefore, we are reimagining the customer and employee experience by simplifying our processes, refining our branch footprint, and increasing our investment in digital capabilities to align with the evolving needs of our customers.”

Find out more on the reasons behind bank closures.

Bank branches that are closing in the US from September (by bank):

Wells Fargo

California

  • 301 S. Pacific Coast Hwy, Reedondo Beach: September 13
  • 3550 Round Barn Blvd, Suite 307, Santa Rosa: September 14

Florida

  • 3795 Palm Valley Rd, Ponte Verde Beach: September 13

Gerogia

  • 5300 United Dr, Smyrna: September 13

Minnesota

  • 5950 Rice Creek pkwy, Shoreview: September 13

New Jersey

  • 440 State Rte 34, Colts Neck: September 13

Nevada

  • 190 North Boulder Hgwy, Henderson: September 13

Pennsylvania

  • Airport Rd, Allentown: Closure date tbc

Texas

  • 3580 Frankford Rd, Dallas: September 13
  • 1200 Flower Mound Rd, Flower Mound: September 13

Virginia

  • 3501 W Broad St, Richmond: September 13

Wisconsin

  • 502 Oak St, Baraboo: September 13

 

Bank of America

California

Closing in October (exact date tbc):

  • 2925 Scott Blvd, Santa Clara
  • 200 Cochrane Plaza
  • Morgan Hill
  • 1275 Fell St, San Francisco
  • 3491 McKee Rd, San Jose
  • 1400 Moraga Way, Moraga
  • 2049 Century Park East, Los Angeles

Washington

  • Bellevue Sq, Bellevue: September 12

City National Bank

California

Closing in October (exact dates tbc):

  • 50 Freemont St, San Francisco
  • 800 Silverado St, La Jolla
  • 1800 Century Park East, Los Angeles
  • 1100 Flynn Rd, Camarillo

Chase

California

  • 1155 California Dr, Burlingame: September 11
  • 12626 High Bluff Dr, San Diego: September 11
  • 750 Redwood Hwy Frontage Rd, Mill Valley: September 11
  • 3130 Crow Canyon Pl, San Ramon: September 11
  • 1400 Civic Dr, Walnut Creek: September 11
  • 1809 Irving St, San Francisco: September 11
  • One Embarcadero Center, San Francisco: September 11
  • 2121 Olympic Parkway, Chula Vista: September 12
  • 6001 Geary Blvd, San Francisco: September 13
  • 1355 Market St, San Francisco: September 13
  • 201 W El Caminoa Real, Sunnyvale: September 13
  • 653 IRVING ST, San Francisco: September 13
  • 1354 CASTRO ST, San Francisco: September 13
  • 12070 Ventura Blvd, Studio City: September 13
  • 405 Howard St San Francisco: September 13

Closing in October (exact dates tbc):

  • 23220 Hawthorne Blvd, Torrance
  • 1 Hacker Way, Menlo Park
  • 150 W. Foothill Blvd, Azusa

Florida

  • 8534 SW 8TH St, Miami: September 13
  • 4660 Hypoluxo Rd, Lake Worth: September 14

Illinois

  • 4854 W Irving Park Rd, Chicago: September 14

New Jersey

  • 1550 Georges Rd, North Brunswick: September 13

Texas

  • 213 W Greens Rd, Houston: September 13

First Citizens Bank

North Carolina

  • 20310 W Catawba Ave, Cornelius: Closing October 5

Santander

Massachusetts

  • 486 Lincoln St, Worcester: September 14

Pennsylvania

  • 313 West Cyress St, Kennet Square: September 14
  • 4452 Oakhurst Blvd, Susquehanna Township: September 14

As new bank closures are announced we will bring you more news.