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.

Make Money: 8 things to do if you're barely scraping by financially

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.

Are you a homeowner? Discover 8 savvy money moves to stretch your budget

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.
  • Are you a homeowner? Get a protection plan on all your appliances.
  • 6 genius hacks Costco shoppers should know.
  • Learn how you can escape the paycheck-to-paycheck grind.

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

FAQs

Are banks shutting down in 2024? ›

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 are US banks closing? ›

Bank Assets Decline in Value: Assets are items that banks own, such as cash, investments, loans, and reserves. When these assets decline in value due to increased interest rates, banks don't have enough assets to pay off their debts or other business necessities, which can cause banks to close.

Why are banks closing all their branches? ›

The banking trade body UK Finance said the change in customer habits – with increasing numbers going online and using mobile banking – meant banks “had to make difficult decisions about maintaining their branches”.

Which banks are closing the most branches? ›

If the rate continues for the rest of 2024, it will mean more than 1,000 branches wiped from malls, and town and city centers. Bank of America closed the most branches, a total of 90 in just six months. U.S. Bank also made substantial closures, shuttering 73 of their locations in the same period.

Which US banks are in trouble? ›

Failed Bank List
Bank NameCityAquiring Institution
Heartland Tri-State BankElkhartDream First Bank, N.A.
First Republic BankSan FranciscoJPMorgan Chase Bank, N.A.
Signature BankNew YorkFlagstar Bank, N.A.
Silicon Valley BankSanta ClaraFirst Citizens Bank & Trust Company
6 more rows
Apr 26, 2024

What banks are most at risk right now? ›

These Banks Are the Most Vulnerable
  • First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
  • Huntington Bancshares (HBAN) . Above average capital risk.
  • KeyCorp (KEY) . Above average capital risk.
  • Comerica (CMA) . ...
  • Truist Financial (TFC) . ...
  • Cullen/Frost Bankers (CFR) . ...
  • Zions Bancorporation (ZION) .
Mar 16, 2023

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.

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

Switch to a new account

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 days are US banks closed in 2024? ›

TO THE PRESIDENT OF THE INSTITUTION ADDRESSED:
NEW YEAR'S DAYJanuary 1Monday
INDEPENDENCE DAYJuly 4Thursday
LABOR DAYSeptember 2Monday
COLUMBUS DAY/INDIGENOUS PEOPLE'S DAYOctober 14Monday
ELECTION DAYNovember 5*Tuesday
8 more rows

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).

What banks are going out of business? ›

Additional Resources
Bank NameBankCityCityClosing DateClosing
Silicon Valley BankSanta ClaraMarch 10, 2023
Almena State BankAlmenaOctober 23, 2020
First City Bank of FloridaFort Walton BeachOctober 16, 2020
The First State BankBarboursvilleApril 3, 2020
56 more rows
Apr 26, 2024

Why are major banks crashing? ›

Banks can fail for many reasons, but generally they fall into a few broad categories: a run on deposits (which leaves the bank without the cash to pay everyone who wants to withdraw their money); too many bad loans or assets that fall precipitously in value (both of which erode the bank's capital reserves); or a ...

What is the most stable bank in the United States? ›

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

What bank failed 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.

Which U.S. Bank has the most branches? ›

Chase has the largest branch network out of all the biggest banks, with locations in the most states.
  • ATMs: More than 15,000.
  • Branches: More than 4,700 in 49 states and Washington, D.C.; no branches in Alaska.
  • Learn more: Chase review.
May 30, 2024

What bank collapse in 2024? ›

The news: Last Friday, Pennsylvania financial regulators seized and shut down Philadelphia-based Republic First Bank in the first FDIC-insured bank failure of 2024. The deposit insurance fund is expected to pay out $667 million to cover the bank's failure.

Are banks being phased out? ›

It remains unclear whether traditional banking will become extinct soon; however, what is certain is that its role will continue to evolve if it is going to survive in this ever-changing landscape of finance.

References

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