MAJOR banks like Bank of America, Chase and Wells Fargo have dominated the 42 branch closures set for just a few weeks – in what looks to be a financial bloodbath.
The sector is taking heavy losses, in a move that will leave dozens of communities with fewer services than they had before.
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The Daily Mail reports that US banks filed to shut a total of 42 local branches in just under a month.
From the period of April 1 to April 26, lenders such as Bank of America, Chase and Wells Fargo notified the Office of the Comptroller of the Currency (OCC) closure plans.
Banks are required to notify the OCC before shutting down.
In total, 14 different banks closed at least one branch.
The bank with the highest number of closures in that time was Flagstar, which closed 16 locations
Behind Flagstar comes Bank of America with nine, with Chase and U.S. Bank both closing three locations each.
The rest were made up of Citizens Bank, Cumberland Valley, Fifth Third Bank, FSNB, KeyBank, Pacific Premier Bank, PNC, Warsaw FS, Well Fargo and Zions Bancorporation.
Experts believe that the sector is consolidating and moving more online than ever before.
Bankrate’s chief financial analyst Greg McBride told DailyMail.com.: “Industry consolidation — both in the number of banks and branches — is a long-standing trend that will continue, especially as more transactions move online.
“Consumers and small businesses in rural areas are the most impacted, particularly business owners that must make a daily bank run to deposit cash or consumers that lack viable transportation.
A WORRYING TREND
This is not a new trend, however, as 1,043 branches closed nationwide in 2024.
In the first quarter of 2025, 272 have already been logged.
Flagstar has closed a total of 44 branches in the first quarter of the year.
This is followed by TD Bank with 37, US Bank with 35, Wells Fargo with 32 and Bank of America with 16.
This year, branch numbers are predicted to fall another 4.11%, according to a recent study from Self Financial.
How to contact your bank
WITH bank scams running rampent, it is important to know how to reach out to your bank without risking fraud.
There is of course the foolproof method of going to your bank in person, but you are likely going to be directed to a customer care phone line.
In order to ensure that you are contacting the bank, make sure to use a phone number given to you by the representative or off of the bank’s website.
Some banks also have online helplines that can securely connect you with a representative.
Conversely, if you think the bank is reaching out to you with an account issue – make sure to verify the concern by calling a bank contact that you know is legitimate.
Scammers commonly mascarade as bank representatives to steal information from frightened customers.
Darren Kingman from Root Digital — who worked on the Self Financial study, said: “Retail bank closures in the US aren’t slowing.
“The last time this many people shared a local branch was in 1995.”
GoBankingRates lead data content researcher Andrew Murray added: “The shift towards online banking is growing more intense in 2025.
“Despite the trend towards online banking, our survey data shows more than half of Americans are concerned about the rising number of physical branches that have shut down in the past few years.
“Meanwhile, a whopping 76% says that the current banking system needs small or major changes.”
ONLINE WE GO
The move to online banking has been happening for a while, with new research recently revealing that the last physical bank branch could close in the US in 2041.
But there are some demographics that still rely on physical branches, and some services that people using them for.
Nearly two-thirds of Americans still prefer to use a physical branch to make a cash deposit.
Over half still want to speak to an in-person adviser, too.
And elderly people are reluctant to move online, given the general struggle the age group finds at operating mobile banking.
Every bank branch closed between April 1 and April 26, 2025:
| Bank | City | State | Location |
| Bank of America, NA | HOUSTON | TX | 701 TOWN & COUNTRY BOULEVARD |
| Bank of America, NA | MISSION VIEJO | CA | 26002 MARGUERITE PARKWAY, SUITE A |
| Bank of America, NA | LANTANA | FL | 1479 SOUTH DIXIE HIGHWAY |
| Bank of America, NA | CHATTANOOGA | TN | 200 W Martin Luther King Blvd, Suite 100 |
| Bank of America, NA | ARCADIA | CA | 180 NORTH SANTA ANITA AVENUE |
| Bank of America, NA | HOLLYWOOD | FL | 3801 HOLLYWOOD BOULEVARD |
| Bank of America, NA | MANCHESTER | NH | 620 ELM STREET |
| Bank of America, NA | BOCA RATON | FL | 23123 STATE ROAD 7 |
| Bank of America, NA | NEW YORK | NY | 115 WEST 42ND STREET |
| Citizens Bank, NA | HOLYOKE | MA | 2265 NORTHAMPTON ST. |
| Cumberland Valley NB & TR CO | EAST PERNSTADT | KY | MAIN STREET |
| Fifth Third Bank, NA | Chicago | IL | 3604 N Southport Ave |
| Fifth Third Bank, NA | Traverse City | MI | 3535 South Airport Road West |
| Flagstar Bank, NA | New York | NY | 50 West 57th Street |
| Flagstar Bank, NA | New York | NY | 950 Third Avenue |
| Flagstar Bank, NA | Brooklyn | NY | 9003 Third Avenue |
| Flagstar Bank, NA | Folsom | CA | 2365 Iron Point Road, Suite 350 |
| Flagstar Bank, NA | Garden City | NY | 900 Stewart Avenue |
| Flagstar Bank, NA | Greenwich | CT | 75 Holly Hill Lane |
| Flagstar Bank, NA | Jericho | NY | 100 Jericho Quadrangle |
| Flagstar Bank, NA | Staten Island | NY | 2066 Hylan Blvd |
| Flagstar Bank, NA | Long Island City | NY | 36-36 33rd Street |
| Flagstar Bank, NA | New Rochelle | NY | 1-C Quaker Ridge Road |
| Flagstar Bank, NA | Jamaica | NY | 89-36 Sutphin Blvd |
| Flagstar Bank, NA | San Jose | CA | 111 West St. John Street |
| Flagstar Bank, NA | Ontario | CA | 3257 E. Guasti Road |
| Flagstar Bank, NA | Brooklyn | NY | 185 Broadway |
| Flagstar Bank, NA | Woodland Hills | CA | 21255 Burbank Blvd |
| Flagstar Bank, NA | New York | NY | 200 Park Avenue South |
| FSNB, NA | Conyers | GA | 1436 Dogwood Dr SE |
| JPMorgan Chase Bank, NA | OAKLAND | CA | 2051 MOUNTAIN BLVD |
| JPMorgan Chase Bank, NA | Lake Forest Park | WA | 17181 Bothell Way NE |
| JPMorgan Chase Bank, NA | ABILENE | TX | 3250 REBECCA LANE |
| KeyBank NA | HUDSON | NY | ONE HUDSON CITY CENTRE |
| Pacific Premier Bank, NA | Beverly Hills | CA | 192 N Cannon Dr |
| PNC Bank, NA | Wilmington | NC | 2026 Eastwood Rd |
| U.S. Bank NA | LAS VEGAS | NV | 8555 WEST SAHARA AVENUE |
| U.S. Bank NA | PEORIA | AZ | 8375 W. DEER VALLEY ROAD |
| U.S. Bank NA | GLENDALE | CO | 4600 LEETSDALE DRIVE |
| Warsaw FS & LA | Cincinnati | OH | 6570 Gracely Dr |
| Wells Fargo Bank, N.A. | VALLEJO | CA | 774 ADMIRAL CALLAGHAN LANE |
| Zions Bancorporation, NA | Palm Desert | CA | 73301 Highway 111 |
A spokesperson for US Bank recently said: “‘Client’s banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity.
“As we evolve along with our clients, we are reevaluating our physical footprint, and in some instances, consolidating branch locations in select markets.
“Although we are closing some branches, we continue to open and enhance others, as well as rapidly enhancing our digital capabilities.”
Wells Fargo has echoed a similar sentiment, as companies fight to hang onto as many branches as they can while remaining financially viable.
A spokesperson for the bank added: “Branches continue to play an important role in the way we serve our customers in combination with our mobile app, online website, and ATMs.
“As we optimize our branch network, we are focused on evolving our branch presence based on customer usage and the changing traffic patterns and retail landscape to best meet the banking needs of each community we serve.”
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