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Home»Banking»20 US banks that closed the most branches in Q3, 2024
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20 US banks that closed the most branches in Q3, 2024

December 3, 2024No Comments2 Mins Read
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20 US banks that closed the most branches in Q3, 2024
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Banks’ net branch closings peaked in the third quarter, due to 350 closings in July. The top five banks in this ranking closed a net total of 175 locations in the third quarter of 2024, up from 148 net closures in the second quarter. In the 12-month period that ended September 30, these top five banks closed a net total of 379 branches. 

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

Source: S&P

Banks ranked by net branch closures

Rank Bank Q3 Q2 Q1 Q4 Last twelve months (ended Sept. 30)
15 Popular Bank -9 0 0 -1 -10
14 Eastern Bank -10 0 0 0 -10
13 Banc of California -10 -2 0 -1 -13
12 Prosperity Bank -12 0 0 0 -12
11 PNC Bank -12 -25 -30 3 -64
10 Commerce Bank -15 0 0 0 -15
9 Great Southern Bank -18 0 0 0 -18
8 Provident Bank -22 0 0 0 -22
7 U.S. Bank -23 -48 -18 -9 -98
6 BMO -23 0 -1 -11 -35
5 M&T Bank -25 4 -1 -7 -29
4 Woodforest Bank -30 -1 3 0 -28
3 TD Bank -39 -8 0 4 -43
2 Wells Fargo -40 -21 -57 -70 -188
1 Bank of America -41 -7 -39 -4 -91

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See also  Financial Technology Association challenges CFPB's BNPL rule | PaymentsSource
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