U.S. banks and thrifts continued to close branches through April, shuttering 111 offices and opening 78, according to S&P Global Market Intelligence data.
As of April 30, there were 88,755 active bank and thrift offices in the U.S.
During the last 12 months, U.S. banks and thrifts closed a net 1,893 branches, with the Midwest accounting for 26.48% of total net closures and the Southeast for 25.57%. In April, the mid-Atlantic region led the nation with 24 net closings, followed by the Midwest with nine. The Southeast saw net openings of seven branches with the West following close behind with three for the month.
By state, New York led the country with 10 net closures, followed by Pennsylvania with eight in April. There were five net openings in Tennessee, the most of any U.S. state.
Four banks bucked the broader industry move away from brick-and-mortar by opening more branches than they closed in April: BBVA Compass Bancshares Inc., a Houston-based subsidiary of Spain's Banco Bilbao Vizcaya Argentaria SA; Killeen, Texas-based First Community Bancshares Inc.; Renton, Wash.-based First Financial Northwest Inc.; and Piedmont Bancorp Inc. in Peachtree Corners, Ga.
PNC Financial Services Group Inc. closed a net 16 branches during April, the most by any banking institution in the country. Over a third of those closures were in the Midwest. PNC closed four branches in Pennsylvania and three each in North Carolina and Ohio.
JPMorgan Chase & Co. closed a net nine branches during April, followed by Capital One Financial Corp. with seven net closures.


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