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Banking

20 US banks that closed the most branches in Q3

ByEditorial Staff
December 3, 2024 5:30 AM
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Banks' net branch closings peaked in the third quarter, due to 350 closings in July. The top five banks in this ranking closed a net total of 175 locations in the third quarter of 2024, up from 148 net closures in the second quarter. In the 12-month period that ended September 30, these top five banks closed a net total of 379 branches. 

Read more about the U.S. banks closing the most branches. Negative numbers in the chart below indicate closures.

Source: S&P

Banks ranked by net branch closures

Rank Bank Q3 Q2 Q1 Q4 Last twelve months (ended Sept. 30)
15 Popular Bank -9 0 0 -1 -10
14 Eastern Bank -10 0 0 0 -10
13 Banc of California -10 -2 0 -1 -13
12 Prosperity Bank -12 0 0 0 -12
11 PNC Bank -12 -25 -30 3 -64
10 Commerce Bank -15 0 0 0 -15
9 Great Southern Bank -18 0 0 0 -18
8 Provident Bank -22 0 0 0 -22
7 U.S. Bank -23 -48 -18 -9 -98
6 BMO -23 0 -1 -11 -35
5 M&T Bank -25 4 -1 -7 -29
4 Woodforest Bank -30 -1 3 0 -28
3 TD Bank -39 -8 0 4 -43
2 Wells Fargo -40 -21 -57 -70 -188
1 Bank of America -41 -7 -39 -4 -91
Chart showing banks with the most branch closures in the third quarter, where Popular Bank ranked 15th with -9 net branch openings/closings.
Popular Bank had -9 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Eastern Bank ranked 14th with -10 net branch openings/closings.
Eastern Bank had -10 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Banc of California ranked 13th with -10 net branch openings/closings.
Banc of California had -10 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Prosperity Bank ranked 12th with -12 net branch openings/closings.
Prosperity Bank had -12 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where PNC Bank ranked 11th with -12 net branch openings/closings.
PNC Bank had -12 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Commerce Bank ranked 10th with -15 net branch openings/closings.
Commerce Bank had -15 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Great Southern Bank ranked 9th with -18 net branch openings/closings.
Great Southern Bank had -18 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Provident Bank ranked 8th with -22 net branch openings/closings.
Provident Bank had -22 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where U.S. Bank ranked 7th with -23 net branch openings/closings.
U.S. Bank had -23 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where BMO ranked 6th with -23 net branch openings/closings.
BMO had -23 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where M&T Bank ranked 5th with -25 net branch openings/closings.
M&T Bank had -25 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Woodforest National Bank ranked 4th with -30 net branch openings/closings.
Woodforest National Bank had -30 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where TD Bank ranked 3rd with -39 net branch openings/closings.
TD Bank had -39 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Wells Fargo ranked 2nd with -40 net branch openings/closings.
Wells Fargo had -40 net openings/closings in the third quarter.
Chart showing banks with the most branch closures in the third quarter, where Bank of America ranked 1st with -41 net branch openings/closings.
Bank of America had -41 net openings/closings in the third quarter.
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