Major U.S. Banks Shuttered 33 Branches During 2-Week Period in July

Major U.S. banks including Chase, Bank of America, and Wells Fargo collectively closed more than 30 locations during a two-week period in July, a Daily Mail report revealed.

From July 14 to July 28, 33 banks were shut down throughout multiple regions of the country, with Florida being the state with the most closures.

Bank of America axed 11 locations, followed by Chase and PNC which closed seven each.

Axiom Bank, Capitol, Citizens, Dollar Bank, Lemont, and Zions Bancorporation locations also went down across states including Ohio, Virginia, Texas, and Colorado.

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Major U.S. Banks Shuttered 33 Branches During 2-Week Period in July

Major U.S. banks including Chase, Bank of America, and Wells Fargo collectively closed 33 locations during a two-week period in July.

www.breitbart.com

 

[1LoverofGod]

Why would these Major Banks need so many brick and mortar Banks when they are moving towards an all digital banking system that will be accessed through digital devices?
So not surprising that they are closing up their branches.

 

[Ghoti Ichthus]

They keep on opening up very small branches around here. As soon as one goes in, two or three competitors' very small branches pop up in the immediate vicinity. Bank America seems to be the most aggressive and prolific.
Not sure if it's because of the muslim population, immigrants, refugees, migrants, giant piles of boxes going up (apartments), increasing welfare/benefits population, etc., or????????????????????????
Maybe trying to spread out assets because of demand for cash by some groups, including homeless, drug addicts, drug dealers, human traffickers, coyotes, prostitutes, etc., and risk of bank robberies?
Is there a huge need because of influx of people needing US bank accounts? Trading foreign currency for US?
Are they getting ready for huge number of transactions converting cash to digital currency?
Is it because of lawsuits about red-lining some areas/communities?
Is it the 15-minute-city thing?
What does BA know that we don't?