America’s Sixth-Largest Bank Announces Closure of 19 Additional Branches Nationwide After Closing 203 Branches in 2023 | The Gateway Pundit

Important US banks are persevering with their plans to shut down branches nationwide, resulting in a rising number of Folks being left with out entry to vital financial corporations.

America’s sixth-largest monetary establishment, PNC, has confirmed the closure of 19 further branches nationwide, following a staggering 203 division closures earlier this yr. This decision, aligning with the monetary establishment’s shift in path of digital banking, is elevating points amongst prospects preferring typical banking methods.

Scheduled for February 2024, the closures will primarily have an effect on ​Pennsylvania, the place the overwhelming majority of branches marked for closure are located. However, quite a few branches in numerous states, along with ​Illinois, ​Texas, Alabama, New Jersey, Ohio, Florida, and Indiana, will even be shutting their doorways, leaving prospects in these areas with restricted entry to in-person banking corporations, The Photo voltaic reported.

This decision follows the shutdown of a division in Strasburg, Pennsylvania, on November 17, the place banking corporations have been restricted to an ATM all through the highway, and the monetary establishment’s belongings have been transferred to a close-by location.

PNC Monetary establishment’s decision to shutter these branches is indicative of an even bigger improvement inside the banking commerce, the place financial institutions are increasingly prioritizing digital banking platforms over brick-and-mortar areas.

Whereas PNC cites the rise of on-line banking and altering purchaser behaviors as a result of the driving forces behind these closures, critics argue that this digital shift compromises every the protection of purchaser data and the federal authorities’s ability to regulate banking actions efficiently. Digital platforms, they degree out, are susceptible to cyber threats, data breaches, and hacking incidents that will jeopardize purchaser privateness and financial security.

PNC Monetary establishment joins varied totally different banks in downsizing their bodily presence. Beneath is a list of monetary establishment branches which have each not too way back ceased operations or are on the schedule for imminent closure per Newsbreak.

• Wells Fargo. 1155 Union Circle, 2ND FL RM 222, Denton.
• Wells Fargo. 700 Jackson, Richmond
• Wells Fargo. 14999 Preston Rd, Setting up F, Dallas
• Verabank. 1100 Williams Dr, Georgetown
• Amerant Monetary establishment. 12145 FM 1960 West, Houston
• Wells Fargo. 3580 Frankford Rd, Dallas
• Wells Fargo. 1200 Flower Mound Rd, Flower Mound
• JP Morgan. 213 W Greens Rd, Houston
• Wells Fargo. 2824 Hillcroft St, Houston
• Monetary establishment of America. 9660 Hillcroft St, Houston
• Wells Fargo. 1420 West Mockingbird Lane, Dallas
• JP Morgan Chase. 16802 El Camino Precise, Houston
• Capital One. 2301 E. Riverside Dr, Austin
• Capital One. 2910 S. Lakeline Blvd, Cedar Park
• Wells Fargo. 11152 S. Gessner Dr, Houston
• Woodforest NB. 80 Uvalde, Houston
• JP Morgan. 14114 Dallas Parkway, Dallas
• Wells Fargo. 1420 West Mockingbird Lane, Dallas
• JP Morgan Chase. 16802 El Camino Precise, Houston
• JP Morgan. 1200 Clear Lake Metropolis Blvd, Houston
• JP Morgan. 3103 FM 528 Friendswood
• Dwelling Monetary establishment. 12941 Gulf Freeway, Houston
• Dwelling Monetary establishment. 251 West Medical Coronary heart, Webster
• Monetary establishment of America. 7900 Shoal Creek Blvd, Austin
• First NB. 5671 Treaschwig Rd, Spring
• First NB. 5671 Treaschwig Rd, Spring
• Monetary establishment of America. 7900 Shoal Creek Blvd, Austin

In October, The Gateway Pundit beforehand reported that Monetary establishment of America led the easiest way by closing 21 branches in merely the first week of October, consistent with a bulletin printed by the Office of the Comptroller of the International cash (OCC).

Wells Fargo was not far behind with 15 closures, whereas US Monetary establishment and Chase reported closing 9 and three branches, respectively, consistent with the Daily Mail.

“In full, some 54 areas had each closed or had been scheduled to close between October 1 and October 7. Of the overall closures, three had been in Louisville in Kentucky. Eight of the 21 Monetary establishment of America closures had been in California,” the outlet reported.

In 2022, 3,000 monetary establishment branches have closed down nationwide, consistent with the Kiplinger Letter.