Major US banks, including Wells Fargo, closed 33 branches in just two weeks

Domestic banks closed more than 30 branches in just two weeks last month.

Chase, Bank of America, PNC and other national banks collectively closed 33 branches between July 14 and July 28.

Bank of America led the closing with 11, followed by Chase and PNC, which closed seven each.

Axiom Bank, Capitol, Citizens, Dollar Bank, Lemont, Wells Fargo and Zions Bancorporation also closed branches. Scroll down for full list with addresses..

The hardest hit state was Florida, which lost four towns, while Ohio, Virginia and Texas each lost three.

Bank of America has closed more than 100 branches so far this year, the most of any national bank.

Closures account for around a fifth of all closures in 2024.

Bank of America also told DailyMail.com that the bank has just completed a three-year project to modernize its on-the-ground presence in the United States.

A bank spokesperson told Dailymail.com that the closures are usually the result of consolidating two branches into one.

“These changes to our branch network reflect the fact that our customers are increasingly using digital banking for their everyday financial needs and are turning to financial centers for more important needs or to have conversations about their finances,” the corporation explained.

The bank said it still has 3,800 branches.

The Office of the Comptroller of the Currency (OCC) monitors branch closings and openings and publishes them in a weekly bulletin.

Major banks are increasingly abandoning costly physical branches in favor of offering online services.

“Most Americans, from Gen Z to baby boomers, have less need for a traditional bank, which may explain the increasing number of brick-and-mortar branches that have been closing over the past year,” Andrew Murray, principal data researcher at GOBankingRates, told DailyMail.com.

TO Recent GOBankingRates Survey They found that even older people prefer online banking to in-branch services.

Overall, 78 percent of Americans prefer to use mobile and online banking and nearly one in four did not visit their bank in the past year.

“Overhead costs (rent, maintenance, supplies and staff salaries) are likely to be a major factor, especially considering our survey shows how infrequently people visit physical banks,” Murray said.

In fact, closures can result in significant savings, as operating a stand-alone bank branch costs on average about $2.6 million a year.

US banks closed 539 branches in the first half of the year alone, a DailyMail.com investigation shows.

The most affected state was California which recorded 72 closures. New York ranked second with 51 closures, followed by Pennsylvania with 40.

“Over the past few years, we have resized our branch network and may continue to combine two older existing branches into one better-located location,” Wells Fargo told DailyMail.com.

“Doing so does not diminish the importance of our customers or the communities we serve.”

The US bank also highlighted customer migration to online banking and a “desire for greater simplicity” as reasons for its mass closures.

“As we evolve alongside our customers, we are re-evaluating our physical presence and, in some cases, consolidating branches in select markets,” the bank said in a statement.