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Capital One trims 10% of branch network, leading US banks in September

U.S. banks and thrifts continued cutting branches across the country in September, shuttering 221 branches while opening just 66, according to S&P Global Market Intelligence data.

Over the last 12 months, U.S. banks and thrifts have closed 3,019 branches while opening 989.

As of Sept. 30, there were 87,738 active bank and thrift branches in the U.S.

New York and Florida led the country with 37 and 17 net closures, respectively. Capital One Financial Corp. shuttered 59 branches during September, including 31 in New York. Capital One has been trimming its branch network as it focuses on online banking and cost cutting.

Wells Fargo & Co. closed 35 branches across 19 states and opened three branches one in New York and two in California.

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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.