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Banks recently have been closing more branches than they are opening, with the top five banks in this ranking closing a net total of 148 locations in the second quarter of 2024, up from 100 net closures in the first quarter. In the 12-month period that ended June 30, these top five banks closed a net total of 492 branches.
Wells Fargo had the most active branches in 2020 and 2021, with JPMorgan Chase taking the top spot from 2022 onward.
Read more about the U.S. banks closing the most branches. Negative numbers in the chart below indicate closures.
Source: S&P, annual reports
U.S. banks closing the most branches
| Rank | Company | Net openings/closings 2024 Q2 | Net openings/closings 2024 Q1 | Net openings/closings 2023 Q4 | Net openings/closings 2023 Q3 | Total active branches (actual) | Last twelve months |
| 1 | U.S. Bank | -48 | -19 | -9 | -27 | 2,244 | -103 |
| 2 | JPMorgan Chase | -28 | 10 | 37 | -16 | 4,902 | 3 |
| 3 | Comerica Bank | -26 | 0 | 0 | -3 | 384 | -29 |
| 4 | PNC Bank | -24 | -30 | -4 | -66 | 2,325 | -124 |
| 5 | Wells Fargo | -22 | -61 | -51 | -105 | 4,326 | -239 |
| 6 | Citizens Bank | -19 | -37 | -10 | -11 | 1,017 | -77 |
| 7 | Capital One Bank | -17 | -4 | -5 | -1 | 260 | -27 |
| 8 | KeyBank | -11 | -2 | -4 | -5 | 963 | -22 |
| 9 | Bank of America | -8 | -40 | -4 | -25 | 3,738 | -77 |
| 10 | TD Bank | -8 | 0 | 4 | 5 | 1,176 | 1 |
| 11 | Fulton Bank | -5 | 0 | 2 | 1 | 245 | -2 |
| 12 | First Bank | -5 | 0 | 0 | 0 | 114 | -5 |
| 13 | Banc of California | -5 | 0 | 0 | -2 | 92 | -7 |
| 14 | Citibank | -5 | -1 | -5 | -3 | 657 | -14 |
