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REVEALED: US Bank closes ten branches in a single week while Bank of America shuts three - is YOUR local affected?
US Bank filed to close ten branches in a single week while Bank of America will shutter three, official data shows.
The closures add to the hundreds of branches which have shut down this year amid concerns Americans are being left without access to basic financial services.
In total, 14 bank branches were closed in the week to April 7, according to figures from the Office of Comptroller of the Currency (OCC).
But in promising news, just as many new branches were opened thanks to concerted efforts by Wells Fargo and JPMorgan Chase.
The findings offer hope America's so-called 'bank branch bloodbath' is showing signs of stalling.
US Bank filed to close ten branches in a single week while Bank of America will shutter three, official data shows
In total, 14 bank branches were closed in the week to April 7, figures from the Office of Comptroller of the Currency (OCC) show
US Bank opted to close four banks in Ohio while the three affected Bank of America branches are located in California. The openings were located primarily in Texas, New York and Illinois.
In 2023, more than 1,500 bank branches were shut for good, with California and the Midwest worst-hit.
Dozens of readers wrote to DailyMail.com to express concerns over the closures as some now need to cross state lines to get to their closest bank.
One wrote: 'PNC shut down our local branch which was three miles away, now I have to go to an adjoining city or across the river to Ohio to make deposits or for other banking needs.
'It's totally inconvenient and as a senior citizen the extra mileage is wasting gas.'
Another reader in their 80s wrote: 'This is all very distressing to both my husband and me. We've already had several closures of our banks and have to drive further and further to find our banks. What happens when we can no longer drive?'
In 2023, more than 1,500 bank branches were shut for good, with California and the Midwest worst-hit
A banking desert is a neighborhood which has no bank branches in it or within 10 miles of its center.
Just handful of states - Arkansas, Mississippi, Nebraska, Oklahoma, South Carolina, Tennessee, West Virginia and Wyoming - experienced a net gain of branches.
West Virginia was the only state that did not lose a single bank branch throughout the entire year.
The majority of Americans are concerned about widespread bank branch closures - which are hitting lower-income households the hardest.