A New Wave of Massive Bank Closures Now Hits Texas

A new wave of massive bank closures now hits Texas according to new data from the Office of the Comptroller of the Currency.

Another five bank branches are now scheduled to close in Texas per notices filed this week.

Amongst these branches is PNC Bank, Capital One, and Wells Fargo.

  • 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

However, the full list of bank closures in Texas is long.

The rise and popularity of online banking has triggered traditional banks to pivot into the digital landscape.

Some experts fear that the rise of online banking may lead to ‘banking deserts’ and will likely affect lower income families the most.

CNBC reports that “according to the National Community Reinvestment Coalition, one-third of the branches closed from 2017 to 2021 occurred in areas that were predominately lower-income and minority areas.”

According to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.

TheStreet reports that if these number figures continue the way they have been, there will no longer be any physical bank branches in the U.S. in just a few years.

Banking giants have closed more bank branches in 2023 than any other previous year and have already begun to schedule several closures for 2024.

Below is the full list of bank branches closing in Texas soon.

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

List of Bank Closures in Texas

Below is the most up-to-date list of bank closures in Texas:

  • 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
  • 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

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

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Market News Today - A New Wave of Massive Bank Closures Now Hits Texas.
Market News Today – A New Wave of Massive Bank Closures Now Hits Texas.

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