More Banks Are Now Closing Across America This Year

Market News Daily - More Banks Are Now Closing Across America This Year
Market News Daily – More Banks Are Now Closing Across America This Year

More banks are now closing across America this year as the latest shutdowns hit Washington state, Pennsylvania, California, and others.

As previously reported, 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.

This trend of bank closures has grown over the past years with no signs of slowing down.

“Major banks continue to push their customers online as they close the number of physical branches nationwide,” says Ash Jurberg.

Washington State saw a net loss of 68 banks in 2021, and one report states, “If the trend of current bank branch closings continues, there may be no bank branches left in 10 years.”

“Crime has also been to blame for some bank closures; Seattle Credit Union closed two branches earlier this year due to escalating crime.”

This week, there has been notification that four more bank branches in Washington State will close this year.

  • JP Morgan. 6916 19th St W University Place
  • JP Morgan. 5464 Sand Point Way NE, Seattle
  • Bank of America. 11060 NE 6th Street, Bellevue
  • Wells Fargo. 6615 132nd Ave NE, Kirkland

These are just the latest banks closing in Washington State.

Below is a list of branches that closed this summer and are to close in the months to come.

Banks Closing in America | Washington Branch Closures

Market News Daily - More Banks Are Now Closing Across America This Year
Market News Daily – More Banks Are Now Closing Across America This Year

These are the branches in Washington that closed this summer or are due to close in the coming months.

  • Umpqua Bank, 3123 56th St, Gig Harbor
  • Bank of America. 500 Olive Way, Seattle
  • Wells Fargo. 1527 Highlands Dr, NE Issaquah
  • Bank of America. 20708 Bothell Everett Highway, Bothell
  • Wells Fargo. 14500 Greenwood Ave, Seattle
  • US Bank. 301 West Nickerson St, Seattle
  • US Bank. 5616 176th Street, East Puyallup
  • Bank of America. 17803 108TH Ave, SE RentonI
  • JP Morgan. 600 Pine St, Seattle
  • JP Morgan. 12903 NE Hwy 99 Vancouver

Also Read: These Big Banks Are Now Closing in New York This Year

Banks Closing in America | Pennsylvania Branch Closures

This is the current list of bank closures happening in Pennsylvania over the next three months.

  • Citizens Bank. 2748 Route 611 Tannersville
  • JP Morgan. SWC of W Trenton Ave and Plaza Blvd, Morrisville
  • Wells Fargo. 210 West Main Street, Lansdale
  • BNY Mellon. 500 Grant St, Pittsburgh
  • Santander Bank. 4452 Oakhurst Blvd, Harrisburg
  • Santander Bank. 313 West Cypress St, Kennett Square
  • Citizens Bank. 1919 Easton Rd, Willow Square Citibank. 1995 41st Ave, Capitola
  • Citizens Bank. 983 Wyoming Ave, Forty Fort
  • Woodforest NB. 2351 Century Dr. West Miflin
  • PNC Bank. 2430 East Market St, York
  • Wells Fargo. 702 N. 7th St, Allentown
  • Wells Fargo. 1 S. Church St, Quarryville
  • First NB of Pennsylvania. 2550 Brownsville Rd, Library
  • Wells Fargo. 1886 Bethlehem Pike, Flourtown
  • Santander. 1513 Bethlehem Pike, Hatfield
  • Santander. 9200 Roosevelt Blvd, Philadelphia
  • Wells Fargo. 1840 Airport Rd, Allentown
  • Wells Fargo. 600 Penn St, 2nd Floor, Reading
  • Wells Fargo. 555 E Lancaster Ave, Suite 400, Radnor
  • Citizens Bank. 9805 McKnight Rd, Pittsburgh
  • Citizens Bank. 495 Lincoln Ave, Bellevue
  • PNC Bank. 1 E Main St, Strasburg

New additions to the bank closure list in Pennsylvania:

  • Citizens Bank. 9805 McKnight Rd, Pittsburgh
  • Citizens Bank. 495 Lincoln Ave, Bellevue
  • PNC Bank. 1 E Main St, Strasburg

Also Read: US Bank is Now Preventing Customers From Withdrawing Money

New California Bank Branches closing in November

For a list of more branches closing in California this year, read the story below.

  • Wells Fargo. 8405 North Fresno St, Suite 300, Fresno
  • Bank of America. 2708 Ming Ave, Bakersfield
  • Bank of America. 1440 Truxton Ave, Bakersfield
  • JP Morgan. 14111 Riverside Dr, Sherman Oaks
  • JP Morgan. 707 Broadway Ste 100, San Diego
  • JP Morgan. 1720 Fulton St, San Francisco
  • JP Morgan. 12555 Valley View St, Garden Gr
  • US Bank. 4947 Third St, San Francisco
  • Zion Bank. 700 West Camino El Real, Mountain View

Also Read: These Banks Are Now Closing in California This Year

For more banking news and updates, opt in for push notifications so you don’t miss the latest stories!

Market News Published Daily 📰

Market News Today - More Banks Are Now Closing Across America This Year
Market News Today – More Banks Are Now Closing Across America This Year

Join the newsletter ⬅️ to receive daily stock market news, business news and updates straight to your inbox; more than 10,000 readers have joined!

THANK YOU to all of our blog sponsors, this year we’ve been able to increase our email sends and signup slots as well as introduce push notifications.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez on TwitterInstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Become a Sponsor for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


1 Comment

  1. Frank Nez

    Leave your thoughts below!

© 2024 Franknez.com

Theme by Anders NorenUp ↑