US Bank Branch Closures in 2025
Major US banks have shut down over 100 locations in just three weeks, with closures expected to continue throughout 2025. Experts predict a 4.11% decrease by the end of the year. Despite the shift towards online banking, many Americans still prefer in-person banking services.
Key Points
- Over 100 US bank branches closed in three weeks
- Experts predict a 4.11% decrease in branches by year end
- Majority of Americans still prefer in-person banking services
- Last physical bank branch in the US could close by 2041
Pros
- Optimization of branch networks
- Focus on evolving digital capabilities
- Enhanced customer service through various channels
Cons
- Dwindling local services in communities
- Longer wait times due to fewer branches
- Concerns about rising number of physical branch closures