A Painful Wave of Bank Closures is Hitting New York
A painful wave of bank closures is now hitting New York for the months of September and October.
While customers will still be able to access their online banking as well as other available bank branches, today we go over the list of bank branches scheduled to close in New York so far.
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.
Today, online banking has been a direct competitor to traditional banking, causing more and more Americans to pull their money out of big banks.
“New York residents will see Capital One, Citizens Bank and JPMorgan Chase close their doors in the next three months, making it more difficult for customers to access basic banking services.
Bank of America, Community Bank, KeyBank, Santander Bank and Wells Fargo will also reportedly shutter outlets”, reported Daily Mail in August.
Here is the latest report on banks closing in New York this year.
Related: A New Wave of Bank Closures is Hitting California
New York Bank Branches Closing in September/October
These banks are now scheduled to close in New York between the months of September and October.
- Santander Bank. 717 Manhattan Ave, Brooklyn
- Flagstar Bank. 1445 Richmond Ave, Staten Island
- Flagstar Bank. 350 Motor Parkway, Hauppauge
- Flagstar Bank. 1351 Forest Ave, Staten Island
- Flagstar Bank. 3501 Amboy Rd, Staten
- Flagstar Bank. 335 Nesconset Hwy, Hauppage
- Flagstar Bank. 2656 Hylan Blvd, Staten Island
- Keybank. 3083 Carman Rd, Rotterdam
- JP Morgan. 533 5th Ave, Brooklyn
While customers might have been accustomed to visiting certain bank branches, other bank branches will still be available.
Users will still be able to access their funds via online and through other branches.
It should be noted that the above list may not be completed and is subject to change as the OCC bulletin is continuously releasing new updates.
As of today, this is the latest and most accurate list of bank branches closing in New York for the rest of the year.
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Also Read: Chase Customers Now Unable to Access Money Through ATMs
Other Bank News Today
A US bank has now left customers with no money as users nationwide report being defrauded and locked out of their accounts.
More Green Dot Bank customers are speaking out against the bank in the latest scandal that has users trapped with no access to their money.
Other users are reporting funds being completely gone from their accounts.
These bank customers are losing access to hundreds and even thousands of dollars, which is rightfully theirs to begin with.
“Green dot took me and thousands of peoples money. None of us can access it. WE HAVE SHIITTT TO PAY,” said one user on Saturday.
“For the first 2 months of having Greendot everything was great. Then I go and try to use my card and it’s declined. The d*** b!** said to wait an hour or day. ITS BEEN A WEEK!! I feel terrible for the people who’ve lost hundred of $$,” says Anna.
“I’m going through the same thing. My funds are gone. I believe now the bank is holding it hostage. It’s my SS money and I can’t get it back they keep extending the date. I’ll get my new card with my money on it this has been going on since the August 1 and I was in the hospital when I was hacked..I want my money it’s mine not yours green dot,” says Sandra Machuga, who’s reported to FrankNez before.
US Treasury Direct customers have also reported being unable to access their accounts.
Tammarra Johnson reported to FrankNez that TreasuryDirect has frozen her account ever since she made a deposit going all the way back to April.
“My account has been frozen since April right after I deposited $1,500 from a settlement. I mailed in the required form from my bank that was needed to unlock my account and it is still locked.
It’s sad to know financial institutions are basically taking citizens money like times aren’t already hard.”
Also Read: A US Bank is Now Holding Retirees SS Money Hostage
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