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US banks closed a net 77 branches in November

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US banks closed a net 77 branches in November

U.S. banks and thrifts shuttered 165 branches while opening 88 in November, according to S&P Global Market Intelligence data.

Over the last 12 months, U.S. banks and thrifts have closed 2,889 branches and opened 1,187. As of Nov. 30, there were 86,064 active branches in the U.S.

Two of the nation's largest banks, U.S. Bancorp and Wells Fargo & Co., led with 27 and 24 net closures in November, respectively. U.S. Bancorp's 27 closures were spread across eight states, while Wells Fargo's 25 closures spanned 13 states. The San Francisco-based bank did open one branch in Alabama. Bank of America Corp. and Toronto-Dominion Bank followed with 12 net closings apiece.

On the other hand, Fifth Third Bancorp added a net three U.S. branches in November, making it the only bank in the country to net more than two added branches during the month.

At the state level, California had 15 net closures during November, with Wells Fargo accounting for nine. Missouri and Nevada followed with 10 and nine net closures, respectively.

Georgia had the most net openings at six, followed by Colorado at four.

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Click here for an Excel document containing all U.S. bank openings and closings for November.