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Home»Banking»20 banks that closed the most branches in 2024
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20 banks that closed the most branches in 2024

February 21, 2025No Comments2 Mins Read
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20 banks that closed the most branches in 2024
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Enjoy complimentary access to top ideas and insights — selected by our editors.

For the third year, banks’ net branch closings declined in the United States. The top five banks in this ranking closed a net total of 518 locations in 2024, with the largest number of the net closings occurring in the first quarter. The top five still have more than 13,000 total active branches.

Read more about the U.S. banks closing the most branches. Negative numbers in the chart below indicate closures.

Source: S&P 

Banks with the most net branch closings in 2024

Rank Company Net closings/openings
(2024 total)
Total Active
Branches
(Actual)
18 (tie) Regions Bank -17 1,255
18 (tie) KeyBank -17 960
18 (tie) First Citizens Bank -17 536
16 (tie) Commerce Bank -18 140
16 (tie) Great Southern Bank -18 98
15 Fulton Bank -20 230
14 Capital One Bank -21 260
13 Provident Bank -22 143
11 (tie) Huntington Bank -24 1,023
11 (tie) BMO -24 1,013
10 M&T Bank -28 1,015
8 (tie) Woodforest National Bank -29 741
8 (tie) Comerica Bank -29 384
7 TD Bank -45 1,138
6 Truist Bank -61 1,931
5 Citizens Bank -64 1,010
4 PNC Bank -76 2,318
3 U.S. Bank -117 2,195
2 Bank of America -126 3,666
1 Wells Fargo -135 4,257

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See also  U.S. Bank, Key discuss embedded payments with American Banker | PaymentsSource
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