27 November 2023
Major banks like PNC Bank and JPMorgan Chase are closing multiple branches across various states, continuing a trend of increasing branch shutdowns in recent years. In one week, PNC Bank filed to close 19 branches, and JPMorgan Chase filed for 18 closures in different states. Citizens Bank plans to shut eight branches, while U.S. Bank has seven closures in the pipeline. Bank of America is closing five branches, and Citibank along with several smaller banks are also reducing their physical presence, totaling 64 branch closures filed recently.