Brick and Mortar Banks closing as online and mobile Apps are on the rise


Important Takeaways:

  • US Bank, Wells Fargo, Bank of America, Citizen, Chase and PNC are shutting hundreds of branches a year – here is what to do if your bank closes
  • Banks are shutting hundreds of branches a year – this month some 41 closures were announced in a single week and among those affected were nine US Bank locations.
  • Bank of America, Chase, PNC, Citizen, Capital One, First National Bank of Pennsylvania and Huntington also said they were axing branches.
  • Such closures deal a huge blow to customers looking to visit in person to submit a document, make a withdrawal or deposit, cash in a check or simply run through their finances with a trusted bank manager.

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