If you rely on your neighborhood bank branch, it might be time to reconsider your options.

Prominent US banks have revealed plans to close 311 branches since the end of August, signaling a significant reduction in walk-in banking services as we approach the holiday season. The year 2025 is shaping up to be a record low for physical bank locations.

Leading the charge is JPMorgan Chase with 66 branch closures, followed by TD Bank with 51, Citizens Bank with 18, and Bank of America with 15. Additional closures from PNC, Wells Fargo, and other institutions have also been reported, as detailed in federal documents. Check below for the comprehensive, searchable list.

The states of California and Florida bore the brunt, each losing 28 branches. New York saw 18 closures, Texas 17, while both Massachusetts and Pennsylvania had 13 branches shut down.

Industry experts caution that these closures may disproportionately affect senior citizens, individuals reliant on cash, and those who face challenges using banking apps.

‘Banks are reducing services in rural communities even as they’re growing in bigger cities,’ said Steven Reider, director of research at Bancography.

‘The people hit hardest are the ones who rely most on face-to-face banking — especially older customers.’ 

For millions, online banking is simply not an option. Many elderly Americans do not trust apps, struggle with two-factor authentication or don’t own a smartphone. Others still rely heavily on cash. 

Major US banks have closed a staggering total of 311 institutions since late August(pictured: a closed vacant bank building in Utah)

Rudri Patel, GOBankingRates chief financial expert

In many towns, banking deserts — places without a branch within 10 miles — are already a reality. 

And the fallout goes far beyond inconvenience. 

Even a modest drop in branch numbers can choke off local lending, said Jason Richardson of the National Community Reinvestment Coalition. 

‘When branch density fell just 8 percent, small-business lending plunged 22 percent,’ he said. 

Boomers are also being pushed out of the system entirely. 

Rudri Patel of GoBankingRates said: ‘Although many Boomers are embracing online banks, 64 percent of adults over 65 still trust digital banking less than traditional banks.’

Banks argue they’re simply following customer behaviour. More than half of US adults now bank primarily on their phones, according to the American Bankers Association. That is up from just 26 percent in 2017.

Some experts say the decline is a consequence of America’s unusually fractured banking system. 

For members of elderly community – or for those who are not tech-savvy in general, online banking is not a suitable replacement for physical banks

Four Wells Fargo banks were closed this Autumn  

Bank of America closed 12 branches between August 31 and November 29

The US has more than 4,000 separate bank companies — far more than any other major economy — and mergers are sweeping the industry. 

When two banks combine, overlapping branches are closed to save money. 

Looking forward, Richardson ​​​​says there’s no clear bottom: ‘How many branches does even a very large bank really need? With lots of mergers in the future we may yet see more losses.’ 

‘Many merging banks cut nearby branches to reduce real-estate and staffing costs,’ said Sean Dunlop of Morningstar. 

He added that mobile banking has hastened the shift: ‘People can now deposit checks, open accounts and move money on their phones. Younger customers expect that.’ 

But Dunlop offered one reassurance: branches aren’t going extinct. ‘Some towns will lose easy access, but banks aren’t disappearing. Most communities will still have at least one branch for bigger financial issues.’ 

This year’s closures follow years of decline. Banks shut 1,043 branches in 2024, and the pace has only accelerated. 

Analysts expect up to 1,400 closures in 2025 alone, and earlier research suggested the last physical branch in America could close by 2041 if the trend continues. 

Jason Richardson, director of research for National Community Reinvestment Coalition

Experts from Self Financial reached the number by studying the rate of net closures across the country, which has averaged 1,646 each year since 2018.

The Daily Mail analysed official filings to track the closures. Banks must notify the Office of the Comptroller of the Currency before shutting a branch, though not all planned closures go ahead. 

The biggest fear is that the closures signal wider economic trouble.

‘Business closures of any kind — including banks — make people nervous,’ Patel said. ‘When confidence drops, consumers pull back on spending. It becomes a feedback loop.’

The era of having a bank on every corner is over — and the retreat is speeding up.