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US banks close 137 branches, open 64 in June

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US banks close 137 branches, open 64 in June

U.S. banks and thrifts opened 64 branches and closed 137 branches during June, according to S&P Global Market Intelligence data, which does not include temporary bank closures, such as those caused by the COVID-19 pandemic.

As of June 30, there were 85,351 active branches in the U.S. Over the last year, U.S. banks and thrifts have closed 2,625 branches and opened 1,119.

JPMorgan Chase & Co. closed a total of 22 branches, with six closures in Washington and Oregon each. Wells Fargo & Co. and Regions Financial Corp. followed with closures of 20 and 19 branches, respectively. Triumph Bancorp Inc. opened three branches: two in Texas and one in Colorado.

Washington saw nine net closures in June, more than any other state, followed by California and Oregon with eight branch closures each. Four branches were opened in Virginia.

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Click here to access a template containing bank branch openings and closings for June 2020.