More New York Banks Will Now Close by Year’s End

Market News Today – More New York Banks Will Now Close by Year’s End.

More New York bank branches will now close by year’s end according to the latest data by the Office of the Comptroller of the Currency (OCC).

Early this month I reported the following bank branches would be closing in New York between 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 will still be able to access their online banking as well as other available bank branches, today I go over the list of additional bank branches scheduled to close in New York by year’s end.

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

Banks Closing in New York This Year

Market News Today - More New York Banks Will Now Close by Year's End.
Market News Today – More New York Banks Will Now Close by Year’s End.

The following 38 New York bank branches are scheduled to close by the end of this year.

Wells Fargo: 190 North Boulder Hwy, Henderson.

Bank of America: 4767 Boston Post Rd, Pelham Manor; 4767 Boston Post Rd, Pelham Manor; 1381 Ridge Rd, East Rochester.

Capital One :118 7th St, Garden City.

Chase: 402 Halstead Ave, Harrison; 275 Halstead Ave, Harrison; 533 5th Ave, Brooklyn; 36 Broadway, Cornwall; 86 East 98th St, Brooklyn; 3804 Nostrand Ave, Brooklyn.

Citibank: 244 Main St, White Plains.

Citizens Bank: 563 Larkfield Rd, East Northport; 563 Larkfield Rd, East Northport.

Community Bank: 830 Country Rt 64, Elmira; 26 East Main St, Clifton Springs; 331 West Pulteney St, Corning.

First National Bank of Long Island: 572 Plandome Rd, Manhasset; 572 Plandome Rd, Manhasset.

Flagstar Bank: 1445 Richmond Ave, Staten Island; 350 Motor Parkway, Hauppauge; 1351 Forest Ave, Staten Island; 3501 Amboy Rd, Staten Island; 335 Nesconset Hwy, Hauppage; 2656 Hylan Blvd, Staten Island; 31-42 Steinway St, Astoria; 3901 Hempstead Turnpike, Bethpage; 130 Wheatley Plaza, Greenvale; 900 Merchants Concourse, Westbury; 565 5th Avenue, New York.

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Also Read: A US Bank is Now Denying Customers Access to Money

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Market News Today - More New York Banks Will Now Close by Year's End.
Market News Today – More New York Banks Will Now Close by Year’s End.

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