JPMorgan Chase and PNC Bank filed for closing over a dozen branches each, along with other major banks across the country.
Big banks such as PNC Bank and JPMorgan Chase have filed to close several branch offices in multiple states amid a troubling pattern of rising branch shutdowns in recent years.
Between Nov. 12 and 18, several banks filed to close branch locations, with PNC Bank with the most filings, according to data from the U.S. Office of the Comptroller of the Currency.
A report from the National Community Reinvestment Coalition shows that between 2017 and 2021, 9 percent of all bank branches shut down.
"While consumers have embraced mobile and internet banking to one degree or another, they clarify that branches matter to them as well, and without branches nearby, they are more likely to be un- or under-banked."
A recent survey by Daily Mail found that 51 percent of Americans were either "Very concerned" or "Somewhat concerned" about the closure of bank branches.
A spokesperson told The U.S. Sun at the time that the bank intends to shut down 147 locations as it focuses more on online banking.
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