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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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