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JPMorgan leads bank branch closures in June

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JPMorgan leads bank branch closures in June

U.S. banks and thrifts continued closing branches in June, shuttering 139 locations and opening 85, for 54 net closures, according to S&P Global Market Intelligence data.

Over the last 12 months, U.S. banks and thrifts have closed 2,624 branches and opened 1,035. As of June 30, there were 86,756 active branches in the U.S.

JPMorgan Chase & Co. had the most net closures in June at 27 branches, followed by Associated Banc-Corp and U.S. Bancorp at 17 and 16, respectively.

Wisconsin had 20 net closures, making it the state with the most closures for the month by a wide margin. It was followed by Illinois with 10 closures, Massachusetts with seven and Michigan with six.

Pennsylvania had the highest net openings at four, followed by Indiana and Virginia at three each.

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S&P Global Market Intelligence combines bank branch data with demographic information, which can be accessed via the market demographics page under the market analysis section of a company's Briefing Book page on the web platform or the Office Screener