U.S. Bank Is Closing These 40 Branches in 2024 (2024)

American banks have been closing underperforming branches in recent months, and U.S. Bank is no exception.

The bank announced the closing of 23 branches this year, in addition to branch closings by Wells Fargo, Capital One, and Bank of America, among others.

Will your U.S. Bank branch be affected? If you have anaccount at U.S. Bank, it may be a good idea to check this list and compare checking accounts at other banks.

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Arkansas

Syda Productions/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (1)

  • 115 Highway 64 West, Alma

Alma residents may not have to worry too much as the bank has another branch in nearby Van Buren, around seven miles away.

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California

Jess_Ivanova/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (2)

  • 5225 Canyon Crest Drive, Riverside
  • 8949 Clairemont Mesa Blvd., San Diego
  • 7404 Jackson Drive, San Diego

The closure of three U.S. Bank branches in California shouldn't have too much of an impact on the state residents, who will still have 20 other full-service locations to choose from.

Washington D.C.

kerkezz/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (3)

  • 700 13th Street, N.W.

U.S. Bank will close its only branch in the D.C. area, leaving its customers with only ATM services throughout the city.

Idaho

kerkezz/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (4)

  • 101 South Capitol Boulevard, Boise

Fortunately, the closure of theSouth Capitol Boulevard branch will still leave Boise residents with 37 other branches where they can do their banking.

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Illinois

hedgehog94/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (5)

  • 400 S. Lincoln Ave., O'Fallon
  • 2639 N. Milwaukee Ave.,Chicago

O'Fallon still has a U.S. Bank ATM in the city and another nearby, as well as several branches that haven't closed and are within driving distance. Chicago also has nearly 170 remaining branches.

Iowa

Studio Romantic/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (6)

  • 323 Reed Street, Red Oak
  • 102 E 5th Street, Tipton

Both Red Oak and Tipton will lose their only U.S. Bank branches. However, 36 branches will still remain throughout the state.

Kentucky

Africa Studio/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (7)

  • 127 Broadway, Irvine
  • Russell Street and Patty Loveless Drive, Elkhorn City

These closings are just the latest of several in the state, with U.S. Bank shuttering other locations throughout Kentucky in recent years.

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Minnesota

hedgehog94/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (8)

  • 3300 Highway 10 East, Moorhead
  • 236 East Main Street, Blooming Prairie

U.S. Bank announced it was closing two branches in Minnesota. The banking company is based in Minneapolis, also home of U.S. Bank Stadium and the Minnesota Vikings football team.

Missouri

hedgehog94/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (9)

  • Corner Of Spring & Polk, Hermitage
  • 300 South Center, Shelbina
  • 8750 Blue Ridge Blvd, Kansas City
  • 759 West Jackson, Marshfield

The four branch closings in 2024 come after Missouri had four U.S. Bank branches shut down a year earlier.

Montana

Andrey Popov/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (10)

  • 4 Adams Avenue East, Chester
  • 201 Main Street, Shelby

According to local news reports, the branch in Shelby is expected to close in May. After the closures in Chester and Shelby, the state will have 19 U.S. Bank branches.

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Nebraska

Syda Productions/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (11)

  • 202 North Sixth Street, Beatrice

This is the only branch closing so far in Nebraska this time around, but the state took a hit in 2020 when U.S. Bank closed a dozen locations that year.

Nevada

Drazen/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (12)

  • 901 S Rancho Dr, Ste 1, Las Vegas

The loss of the Nevada U.S. Bank branch will bring the overall total number of locations to only three in the sate, none of which are in Las Vegas.

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Ohio

JacobLund/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (13)

  • 214 North Factory Street, Sugarcreek
  • 1350 Euclid Avenue, Cleveland
  • 38 North Broadway Street, Farmersville
  • 64 North Main Street,Cedarville
  • 123 North Reed Avenue, Malvern
  • 85 West Main Street, Shelby

Ohio saw another U.S. Bank branch close last year, along with several other bank branch closings, including Huntington National Bank and Fifth Third Bank.

Oregon

New Africa/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (14)

  • 518 North First Street, Lakeview
  • 619 Southeast Main Street, Roseburg
  • 206 South Bridge, Sheridan
  • 610 East Broadway Street, Milton-Freewater
  • 4920 Northeast Forty-Second Avenue, Portland
  • 129 North Canyon Boulevard, John Day
  • Evergreen Shopping Center Highway 30, Clatskanie

Oregon was hit the hardest by news of U.S. Bank closing branches, with seven branches on the chopping block this year.

Texas

Syda Productions/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (15)

  • 8000 Research Forest, The Woodlands

The closure of theResearch Forest branch in The Woodland marks the disappearance of the only U.S. Bank location in the entire state of Texas.

Washington

Syda Productions/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (16)

  • 800 South Columbia Avenue, Connell
  • 4040 Meridian Street,Bellingham

Washington will still have 120 U.S. Bank locations after the closing in Connell, but the closest U.S. Bank location to the shuttered Connell branch will be almost 20 miles away. Fortunately, a number of other branches will remain inBellingham.

Wisconsin

hedgehog94/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (17)

  • 311 West Grand Avenue, Wisconsin Rapids
  • 24049 State Road 35, Siren
  • 450 E Main Street,Wautoma

The West Grand Avenue location in Wisconsin Rapids is expected to close in May, but the city will keep its other location open for customers.

Wyoming

Jess_Ivanova/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (18)

  • 285 Uinta Drive, Green River
  • 215 North Broadway, Riverton
  • 100 South 15Th Street, Worland

According to reports, the Green River location of U.S. Bank is expected to close in May. This news comes after Wells Fargo closed its Green River branch in 2020.

Bottom line

New Africa/Adobe U.S. Bank Is Closing These 40 Branches in 2024 (19)

It can be tough if the local branch of your bank closes, especially if other branches aren’t near your location.

There are still ways to check up on your financial health, such as using a bank’s app to deposit checks or review your deposits.

More from FinanceBuzz:

  • 7 things to do if you’re barely scraping by financially.
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U.S. Bank Is Closing These 40 Branches in 2024 (2024)

FAQs

Which banks are closing in 2024 in the USA? ›

More have closed since then, too. Between Bank of America, Chase, US Bank, Capital One, PNC Bank, Wells Fargo and TD Bank, another 400-plus have already closed in 2024. (Wells Fargo leads the pack with at least 88 bank closure filings, according to the Office of the Comptroller of the Currency.)

Why is U.S. Bank closing locations? ›

As we evolve along with our clients, we are reevaluating our physical footprint, and in some instances, consolidating branch locations in select markets. Although we are closing some branches, we continue to open and enhance others, as well as rapidly enhancing our digital capabilities.

Why US banks are closing down branches in record numbers? ›

Many major banks are closing down their physical branches in favor of digital offerings, a process that was accelerated during the pandemic as online banking became a necessity rather than a convenience. The trend has continued since then.

Why are banks closing all their branches? ›

Banks often pursue acquisitions of competitors to cut expenses on overlapping staff, services and facilities. The savings support profits. In recent years, closing branches has often proven integral to deal-related cost-cutting.

Which banks are in danger of failing? ›

The banks of greatest concern are Flagstar Bank and Zion Bancorporation, according to the screener. Flagstar Bank reported $113 billion in assets with a total CRE of $51 billion. The bank, however, only had $9.3 billion in total equity, making its total CRE exposure 553% of its total equity.

Which banks are failing in 2024? ›

Republic First Bank failed on April 26, 2024. Citizens Bank of Sac City, Iowa, failed on November 3, 2023. Heartland Tri-State Bank failed on July 28, 2023.

Is the U.S. Bank in trouble? ›

CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct During COVID-19 Pandemic. WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered U.S. Bank to pay nearly $21 million for keeping out-of-work consumers from accessing unemployment benefits at the height of the COVID-19 pandemic.

How many US banks are closing? ›

Accounting for openings and closings, a net 1,409 bank branches closed in 2023, compared with 1,854 in 2022 and 2,928 — the highest on record — in 2021, according to S&P Global Market Intelligence data. In 2023, 2,454 branches closed and 1,045 opened.

Will bank branches disappear? ›

Government data shows that there were 21,643 bank branches and building societies in the UK in 1986, falling to 7,400 in 2022. However, according to new 2024 research from Savills and Experian, this figure has now fallen to below 6,000— with a net decline of almost 50% in bank units in the UK since 2014.

Which bank branches are closing in 2024? ›

Lloyds, Halifax and Bank of Scotland to close 237 branches in 2024/25 – here's the full list, plus alternatives
  • Lloyds – 28 more branches closing (109 in total).
  • Halifax – 17 more branches closing (87 in total).
  • Bank of Scotland – 15 more branches closing (41 in total).

Are credit unions safer than banks? ›

One question that often arises is, "Are Credit Unions Safer than Banks?" If you're looking for a short answer, you'll be happy to know that we're not making you read the whole post: Credit Unions and banks are roughly identical in safety because deposits at both are insured by the Federal government to $250,000.

What is the largest bank to fail in the US? ›

The collapse of Washington Mutual (WaMu) in 2008 stands out as the largest bank failure in U.S. history, according to the FDIC. When regulators seized it, WaMu had more than $300 billion in assets and $188 billion in deposits, making it the sixth-largest U.S. bank.

What happens to my bank account if the branch closed? ›

If your local branch closes but you want to continue managing your finances in person, you could consider switching your current and/or savings account to another bank or building society with a branch in your local area.

What are the 3 banks that shut down? ›

As a result, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank. Signature Bank and First Republic Bank collapsed for similar reasons as Silicon Valley Bank. Notably, all three banks had many customers with uninsured deposits.

Is Bank of America closing in 2024? ›

On July 30, the California Street Bank of America branch will join the many branches that have already closed in the Bay Area this year. Don't expect the San Francisco-area closures to slow down anytime soon: By the end of 2024, the region will have seen more than two dozen Bank of America branches close.

Which banks are closing the most branches? ›

U.S. banks closing the most branches
RankCompanyNet openings/closings 2023 Q3
1U.S. Bank-27
2JPMorgan Chase-16
3Comerica Bank-3
4PNC Bank-66
10 more rows
1 day ago

What happens to your money if a bank closes? ›

If a bank fails, the FDIC is in charge of managing its assets. You'll have to wait until your money is moved to another FDIC-insured bank or mailed to you as a check in order to have access to it.

References

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