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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