trending Market Intelligence /marketintelligence/en/news-insights/trending/UE_H_zx0uTOqeoh7QwZZRA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

US banks closed a net 77 branches in November

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

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.

SNL Image

SNL Image

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