Home US US Bank filed to close 23 branches in a single week while Wells Fargo will ax five – is YOUR local affected?

US Bank filed to close 23 branches in a single week while Wells Fargo will ax five – is YOUR local affected?

by Jack
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US Bank notified its regulator that it would close about 23 branches nationwide, seven of which were in Oregon.
  • In January, banks said they would close more than 140 branches across the United States.
  • US Bank requested to close 23 branches in a single week: seven branches were in Oregon
  • Has the closure of a bank affected you? Send an email to money@dailymail.com

US banks continue to close costly branches this year and have notified their regulator a total of 36 closures in a single week.

Leading the pack was US Bank, which between Jan. 28 and Feb. 3 told its regulator it would close 23 branches nationwide, seven of them in Oregon.

It was followed by Wells Fargo, which informed the Office of the Comptroller of the Currency (OCC) that it would close five. Two were in California, but the rest were scattered throughout the United States.

Capital One closed three branches in DC, Maryland and Virginia. Other banks that filed requests to close locations that week include Bank of America, Fifth Third, First American Trust in Florida, First National Bank in Texas and Chase.

(The map and full list of closures filed between January 28 and February 3 are shown below)

US Bank notified its regulator that it would close about 23 branches nationwide, seven of which were in Oregon.

The number of bank branches in the United States has dropped nearly 20 percent over the past decade, from about 85,000 in 2014 to fewer than 70,000 today, according to FDIC and OCC data.

While the pandemic accelerated the rollout of online banking services, closures have continued since then.

In 2023, a DailyMail.com analysis of OCC data revealed that more than 1,500 branches closed.

While the trend affects nearly all major U.S. banks, one exception is Chase.

Last week, the bank said it would open 500 branches by 2027, investing billions in cities including Boston, Charlotte, Minneapolis, Philadelphia and the D.C. area.

Its planned expansion sets it apart from other banks such as Wells Fargo, Bank of America and US Bank.

Last year, Chase was the only major bank to open more branches than it closed.

Wells Fargo said it would close five U.S. branches.

Wells Fargo said it would close five U.S. branches.

It opened 195 branches between Jan. 1 and Dec. 22, nearly six times more than Bank of America, which came in second with just 32 branches open.

The OCC must be notified any time a bank wants to close or open a branch.

In a statement to DailyMail.com, the OCC said it “understands the importance of bank branches and is committed to supporting access to banking services in all communities.”

The watchdog also noted that although banks and credit unions must notify the “chief regulator” of closures, the statute requiring them to do so does not allow them to oppose or stop the closure.

Complete list of closure notices (January 28 – February 3)
Bank City State Location
US Bank NA Soul Arkansas 115 Highway 64 West
US Bank NA O’Fallon ILLINOIS 400 S. Lincoln Ave.
US Bank NA irvine Kentucky 127 Broadway
US Bank NA elkhorn city Kentucky Russell Street and Patty Loveless Drive
US Bank NA Moorhead Minnesota 3300 Highway 10 East
US Bank NA blooming meadow Minnesota 236 East Main Street
US Bank NA Hermitage month spring and polk corner
US Bank NA shelbina month 300 South Center
US Bank NA Chester MOUNTAIN 4 East Adams Avenue
US Bank NA shelby MOUNTAIN 201 main street
US Bank NA Beatriz northeast 202 North Sixth Street
US Bank NA sugar stream OH 214 North Factory Street
US Bank NA lake view EITHER 518 North First Street
US Bank NA Roseburg EITHER 619 Southeast Main Street
US Bank NA Sheridan EITHER 206 South Bridge
US Bank NA Milton-Freewater EITHER 610 East Broadway Street
US Bank NA portland EITHER 4920 Northeast Forty-Second Avenue
US Bank NA john’s day EITHER 129 North Canyon Boulevard
US Bank NA clatskanie EITHER Evergreen Shopping Center Highway 30
US Bank NA Connell Washington 800 South Columbia Avenue
US Bank NA Wisconsin Rapids Wisconsin 311 West Grand Avenue
US Bank NA Siren Wisconsin 24049 State Highway 35
US Bank NA Green River W.Y. 285 Uinta Drive
Wells Fargo Bank, North Carolina, USA Baldwin Hills California 3480 S. La Brea Avenue
Wells Fargo Bank, North Carolina, USA Bridge California 1801 N. Hacienda Boulevard
Wells Fargo Bank, North Carolina, USA Wilmington Delaware 814 Philadelphia Pike
Wells Fargo Bank, North Carolina, USA atlanta Georgia 8721 Roswell Road
Wells Fargo Bank, North Carolina, USA Orem Utah 77 North State Street
Capital One, North Carolina, USA Washington DC 1200 F Street, Northwest
Capital One, North Carolina, USA chevy chase Maryland 8401 Connecticut Avenue
Capital One, North Carolina, USA Arlington Virginia 2100-F Crystal Unit
Bank of America, NA Charlottesville Virginia 180 McCormick Rd.
Fifth Third Bank, NA View of the river Florida 10417 Gibsonton Drive
First American trust, FSB maitland Florida 2301 Maitland Center Parkway
First NB Texas Buddha Texas 15300 South IH 35
JPMorgan Chase Bank, N.A. Cincinnati OH 867 Wyler Park Drive

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