Posted on Jan 21, 2022

U.S. banks close record number of retail branches in 2021, Wells Fargo shutters most

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"On net, U.S. banks shuttered 2,927 branches last year, according to S&P Global Market Intelligence data. Banks closed nearly 4,000 branches and opened more than 1,000 branches, the analysis found."

U.S. banks close record number of retail branches in 2021, Wells Fargo shutters most

Posted from cnbc.com

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Edited 3 y ago

Posted 3 y ago

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Posted 3 y ago

Branch locations have always been more for the elderly anyway. I'd say most people under 50 hardly carry cash anymore these days. Keep the branches open in rural areas and close what you don't need down in cities.

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U.S. banks close record number of retail branches in 2021, Wells Fargo shutters most

U.S. banks close record number of retail branches in 2021, Wells Fargo shutters most

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