More Massive Banks Will Now Close Down in Texas

January 13, 2024

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More massive banks will now close down in Texas according to new data from the Office of the Comptroller of the Currency.

Each week, the OCC releases a report of bank branches set to close.

Texas has been hit hard by bank branches closing according to the data.

The first bank closure report for January has just been released, and again, a Texas location is listed.

Below is the full list of massive banks that have recently closed in Texas or will be closing in Texas very soon:

Wells Fargo. 321 University Dr, College Station (added to the list this week)
Wells Fargo. 1155 Union Circle, 2ND FL RM 222, Denton.
Wells Fargo. 700 Jackson, Richmond
Wells Fargo. 14999 Preston Rd, Building F, Dallas
Verabank. 1100 Williams Dr, Georgetown
American Bank. 12145 FM 1960 West, Houston
Wells Fargo. 3580 Frankford Rd, Dallas
Wells Fargo. 1200 Flower Mound Rd, Flower Mound
JP Morgan. 213 W Greens Rd, Houston
Wells Fargo. 2824 Hillcroft St, Houston
Bank of America. 9660 Hillcroft St, Houston
Wells Fargo. 1420 West Mockingbird Lane, Dallas
JP Morgan Chase. 16802 El Camino Real, Houston
Capital One. 2301 E. Riverside Dr, Austin
Capital One. 2910 S. Lakeline Blvd, Cedar Park
Wells Fargo. 11152 S. Gessner Dr, Houston
Woodforest NB. 80 Uvalde, Houston
JP Morgan. 14114 Dallas Parkway, Dallas
Wells Fargo. 1420 West Mockingbird Lane, Dallas
JP Morgan Chase. 16802 El Camino Real, Houston
JP Morgan. 1200 Clear Lake City Blvd, Houston
JP Morgan. 3103 FM 528 Friendswood
Home Bank. 12941 Gulf Freeway, Houston
Home Bank. 251 West Medical Center, Webster
Bank of America. 7900 Shoal Creek Blvd, Austin
First NB. 5671 Treaschwig Rd, Spring
First NB. 5671 Treaschwig Rd, Spring
Bank of America. 7900 Shoal Creek Blvd, Austin
Wells Fargo. 8903 West Military Dr, San Antonio
First American Bank. 25700 I-45 North, Spring
JP Morgan. 2902 North Beltline Rd, Irving
Wells Fargo. 500 W. University Ave, El Paso
Wells Fargo. 2514 Southmost Rd, Brownsville
PNC Bank. 2209 W Northwest Hwy, Dallas
PNC Bank. 512 N Oregon St, El Paso
Capital One. 4000 Waller Creek, Highland Village
Capital One. 2000 Preston Rd, Plano
Wells Fargo. 4900 E. Belknap St, Haltom City
Capital One Bank. 5431 Bissonnet St, Houston
Capital One Bank. 21210 Kuykendahl, SpringU
Capital One Bank. 4414 N. Freeway, Houston
Capital One Bank. 25907 Northwest Freeway, Cypress
Capital One Bank. 7919 Kirby Dr, Houston
Verabank. 415 South First St, Lufkin
Verabank. 504 S. 2nd St, Lufkin

Also Read: Massive Banks in Texas Now Announce Closures For 2024

Other Banking News Today

A massive US bank is now cutting 20,000 jobs to save as much as $2.5 billion to boost the Wall Street giant’s lagging returns.

Firmwide expenses are expected to drop to a range of $51 billion to $53 billion over the medium-term, Citigroup said, without clarifying the exact timeframe.

In the meantime, though, the firm expects to incur as much as $1 billion in expenses tied to severance payments and Fraser’s broader overhaul of the bank.

Costs for the year should be in the range of $53.5 billion to $53.8 billion — a decrease from the $56.4 billion the firm spent in 2023.

“The fourth quarter was very disappointing,” Fraser said in the statement.

“Given how far we are down the path of our simplification and divestitures, 2024 will be a turning point.”

Fraser in September initiated the biggest restructuring of Citigroup in decades as she seeks to improve the bank’s returns.

She has said the moves will allow the bank to eliminate bureaucracy, slimming it down from 13 management layers to just eight.

Fraser has also said the overhaul would help her boost a key measure of profitability known as return on tangible common equity to at least 11% by 2027 at the latest.

She reiterated that medium-term guidance on Friday.

The 20,000 roles that Citigroup will eliminate include jobs cut as part of the restructuring as well as dismissals that would have occurred anyway, reports Bloomberg.

This comes as a major blow to employees at the bank.

Massive bank layoffs have also been occurring within Wells Fargo, JPMorgan, PNC, and others.

The continued coverage of bank layoffs in 2024 is a developing story — for more news and updates like this, opt-in for push notifications.

Also Read: A Massive Bank Now Closes Several Branches in Florida

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