Bank of America, Wells Fargo and JPMorgan Chase Close New York Branches in Three Months: What’s Happening

Three major banks in the US have decided to close some branches across New York, surprising customers. These are Bank of America, Wells Fargo and JP Morgan Chase.

According to a weekly bulletin published by the Office of the Comptroller of the Currency (OCC), The list of banks closing physical branches in the US is growing Time goes by.

According to data from the Federal Deposit Insurance Corporation (FDIC). There were 8,000 banks in operation in 2000 Nationwide, on the other hand, that number nearly halved by 2022.

About 20 bank branches have disappeared in New York following the decision by several financial institutions. These include banks JPMorgan Chase, Wells Fargo and Bank of America.

According to various experts, this is a way to put pressure on people so that more customers join online banking services. Here’s a list of bank branches closing in New York in the next few months, according to Newsbreak:

June

• Citizens Bank: Saratoga Springs, located at 95 Weibel Ave
• Citizens Bank: Located at 96 Wolf Ave., Albany
• Citizens Bank: Located at 35 Franklin Plaza, Dansville
• Citizens Bank: Located at 9 Clifton Country Rd, Clifton Park
• JP Morgan: Located at 1025 Brown St., Peekskill
• Bank of America: Located at 2001 Rockaway Parkway, Brooklyn
• Capital One: Located at 200 W. 135TH St, New York
• Capital One: Located at 500 East Fordham Road, Bronx

July

• Wells Fargo: Located at 133 North Main St., Port Chester
• Santander Bank: Located at 1290 Avenida de las Americas, New York
• Main Bank: Located at 2315 N. Triphammer Rd, Ithaca
• JP Morgan: Located at 36-63 Main St, Flushing
• JP Morgan: Great Neck is located at 60 Great Neck Road

August

• Community Bank: Located at 830 Country Rt 64, Elmira
• Community Bank: Located at 26 East Main St., Clifton Springs
• Communal Bank: Located at 331 West Pulteney Street, Corning
• JP Morgan: Located at 402 Halsted Ave., Harrison
• JP Morgan: Harrison, located at 275 Halsted Ave
• Capital One: Ciudad Jardin is located at 118 7th Street

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