Which US banks are closing in September 2023? Santander, Wells Fargo, Bank of America… (2024)

There has been an increase in bank branches closing since the pandemic disrupted how people go about their daily lives. Amid the rise of online banking and mergers in the industry, there are half as many financial institutions as there were two decades ago.

“We continuously evaluate our branch network in light of changing customer needs,” said Wells Fargo as the impact of online banking on local financial institutions continues to take effect. This change, something that is being felt across other developed countries, is seeing bank branches close throughout the United States, and in recent days further announcements have been made by several financial institutions.

Why are banks closing in the US?

The reason for more and more bank doors to be closed is simple enough. As foot traffic has reduced over the years so too has the need to invest in staff and brick-and-mortar locations to service the public’s financial needs, instead switching that investment into digital support.

“Like many industries, our customers’ preferences have changed, with more customers choosing to bank with us online,” Santander said in a statement to customers. “Therefore, we are reimagining the customer and employee experience by simplifying our processes, refining our branch footprint, and increasing our investment in digital capabilities to align with the evolving needs of our customers.”

Find out more on the reasons behind bank closures.

Bank branches that are closing in the US from September (by bank):

Wells Fargo

California

301 S. Pacific Coast Hwy, Reedondo Beach: September 13
3550 Round Barn Blvd, Suite 307, Santa Rosa: September 14

Florida

3795 Palm Valley Rd, Ponte Verde Beach: September 13

Gerogia

5300 United Dr, Smyrna: September 13

Minnesota

Bank of America

California

City National Bank

California

Closing in October (exact dates tbc):

50 Freemont St, San Francisco
800 Silverado St, La Jolla
1800 Century Park East, Los Angeles
1100 Flynn Rd, Camarillo

Chase

California

1155 California Dr, Burlingame: September 11
12626 High Bluff Dr, San Diego: September 11
750 Redwood Hwy Frontage Rd, Mill Valley: September 11
3130 Crow Canyon Pl, San Ramon: September 11
1400 Civic Dr, Walnut Creek: September 11
1809 Irving St, San Francisco: September 11
One Embarcadero Center, San Francisco: September 11
2121 Olympic Parkway, Chula Vista: September 12
6001 Geary Blvd, San Francisco: September 13
1355 Market St, San Francisco: September 13
201 W El Caminoa Real, Sunnyvale: September 13
653 IRVING ST, San Francisco: September 13
1354 CASTRO ST, San Francisco: September 13
12070 Ventura Blvd, Studio City: September 13
405 Howard St San Francisco: September 13

Closing in October (exact dates tbc):

23220 Hawthorne Blvd, Torrance
1 Hacker Way, Menlo Park
150 W. Foothill Blvd, Azusa

Florida

8534 SW 8TH St, Miami: September 13
4660 Hypoluxo Rd, Lake Worth: September 14

Illinois

4854 W Irving Park Rd, Chicago: September 14

New Jersey

1550 Georges Rd, North Brunswick: September 13

Texas

213 W Greens Rd, Houston: September 13

In 1980, Bank One developed an early version of home banking that allowed customers to pay bills and view their account and department store balances on a television screen. Today, the Chase Mobile app® helps you pay bills, check your credit score, and automate savings. pic.twitter.com/cgmWVEv0Gy
— Chase (@Chase) July 28, 2023

First Citizens Bank

North Carolina

20310 W Catawba Ave, Cornelius: Closing October 5

Santander

Massachusetts

486 Lincoln St, Worcester: September 14

Pennsylvania

313 West Cyress St, Kennet Square: September 14
4452 Oakhurst Blvd, Susquehanna Township: September 14

As new bank closures are announced we will bring you more news.