Where do you keep your money? More US banks announce closures

In the United States, bank closures continue to capture the attention of millions of customers. Recently, new financial institutions have announced closures of their branches.

Many major companies are significantly affected because they have no choice but to close the doors of their locations.

The latest to reveal the closure of some of their branches are Wells Fargo, TD Bank Chase and Citibank. So far, the west coast of the United States has been hardest hit by this worrying trend.

The Office of the Comptroller of the Currency (OCC) published last week that some of the largest closures came from TD Bank and Wells Fargo, among the most popular banks in the United States.

According to its most recent bulletin, the OCC notes that TD Bank plans to close at least 20 of its locations in the United States.

In this case, some branches in the northeastern part of the country will stop providing services. They include, but are not limited to, New York, Vermont, Philadelphia, Maine and South Carolina.

Wells Fargo closes more branches

Now, Wells Fargo is definitively closing eight branches in the United States. The affected states are Florida, California, Georgia, Nevada and North Carolina, among others.

However, they are not the only major banks to complete several closures. Bank of America, Citibank, Liberty Bank and Capital One are also closing branches in states such as California, New York, Michigan and others.

Meanwhile, Chase also has scheduled branch closures. However, it has not yet been indicated what they will be and the specific dates this year.

Bank closures are not news in the current panorama of the United States. Starting in early 2024, Bank of America announced the closure of 50 of its branches throughout various states in the country.

So far not all the casualties have been finalized, but its executives stated that this would happen during the current year.

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