Banking Landscape Shrinks: Major Banks to Shut Down More Texas Locations

Ash Jurberg

Banks continue to close branches across Texas as they push customers to online banking.

https://img.particlenews.com/image.php?url=2451EW_0mmfF0XC00
Photo byAdobe Library Image

Yesterday I advised readers of PNC Bank closing seven locations in Texas; however, they are not the only bank looking to shut down locations.

Wells Fargo and Bank of America are also set to close locations in Texas as the banks move away from physical branches and toward online banking.

According to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.

Wells Fargo Branches in Texas closing

  • 2300 S I H 35 Round Rock. Due to close in July
  • 1421 North Central Expressway, Plano. Due to close in July
  • 20440 FM 529 Rd, Houston. Due to close in August
  • 1155 Union Circle, 2ND FL RM 222, Denton. Due to close in August
  • 315 S. Hampton, Dallas. Due to close in August
  • 200 West Kennedale Parkway, Kennedale. Due to close in August
  • 3601 Highway 6, Sugar Land. Due to close in August
"Branches continue to play an important role in the way we serve our customers. Additionally, customers use our wide range of digital capabilities for many of their banking needs and, as a result, more transactions are happening outside the branch. As such, we continuously evaluate our branch network in light of changing customer needs, the increase in the use of digital banking, and market factors." Wells Fargo spokesperson

Bank of America Branches in Texas closing

  • 3301 Northland, Suite 100, Austin. Due to close in July.
  • 2600 Citadel Plaza Drive, Suite 100, Houston. Due to close in August.
  • 1051 Flower Mound Rd, Flower Mound. Due to close in August.

While some people do their banking online, many still prefer to visit a branch to conduct their finances, so this announcement will cause some concern.

Your thoughts

Do these branch closures affect you? Will you move to online banking? Are you concerned about the number of stores closing in Texas? Should Gov. Abbott offer financial support for struggling retail businesses or laid-off workers?

Please leave your thoughts in the comment section below and share this article on social media and with others so more people can join the discussion.

Read full story in "NewsBreak" App
# Business# Money# People# Lifestyle# Retail

This is original content from NewsBreak’s Creator Program. Join today to publish and share your own content.

Comments / 16

Published by

Writing on business and local events. Follow me for the latest updates.

San Antonio, TX
118K followers

More from Ash Jurberg

Henderson, NV

Fresh Choices Coming Soon: Popular Grocery Chain to Open Second Store in Henderson

Henderson to welcome a second Sprouts Farmers Market location. Good news for residents of Henderson, Nevada with the announcement that popular grocery chain Sprouts Farmers Market is set to open its second store in Henderson on November 10.

Read full story
1 comments
Wisconsin State

Wisconsin's Job Woes Persist: Another Business Joins Layoff List

Tough Times Persist for Wisconsin Employees as Another Business Cuts Jobs. The layoffs continue in Wisconsin, with yet another business announcing job cuts this week. Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site. Superior Die Corp filed a WARN act on Thursday with the Wisconsin Department of Workforce Development stating that 133 staff will be laid off.

Read full story
17 comments
Panama City, FL

Iconic Restaurant Chain Set to Close Florida Location

Restaurant Chain Announces Closure of Florida Location. Disappointing news for fans of TGI Fridays in Panama City, Florida, with the chain's only restaurant in the city due to close in a few days.

Read full story
2 comments
California State

Californians Identified as Nation's Worst Tippers

California Tops Unfavorable List: Study Reveals Worst Tipping Habits. Restaurant software company Toast has published an industry report on the nation's tipping habits, and it doesn't make for good reading for hospitality staff in California.

Read full story
1 comments
Wisconsin State

Shopping Transformation: Retail Chain to Close Wisconsin Store, Unveils Massive Sale

Wisconsin Faces Another Store Closure as Retailer Shifts Online. Another retail chain is closing stores and moving to online sales only. Popular retailer Soft Surroundings has filed for bankruptcy and announced it will close its stores. The women's apparel and accessories brand sought protection from creditors in the U.S. Bankruptcy Court and filed for Chapter 11 bankruptcy. The business employs almost 650 staff at its headquarters and stores.

Read full story
17 comments
New York City, NY

This High School Was Ranked The Best in New York

Educational Excellence: New York's Best Public High School Revealed. Student research group Niche has just released its public school rankings. It is good news for one school that has taken the title of best public school in New Jersey.

Read full story
6 comments
Wilmington, NC

Sudden Closure: Popular Wilmington Restaurant Abruptly Shuts Its Doors

Mystery Surrounds Sudden Closure of Iconic Wilmington Restaurant. Visitors to the Mayfaire Town Center in Wilmington, North Carolina, have been surprised by the sudden closure of the popular Fox and Hound restaurant.

Read full story
6 comments
Delaware State

Delaware Sets the Standard: Study Names State's Residents as Top Tippers

Tipping Excellence: Study Shows Delaware Leads the Nation in Gratitude. Restaurant software company Toast has published an industry report on the nation's tipping habits, and hospitality staff in Delaware should be pleased with the results.

Read full story

Financial Turbulence: North Carolina Airline Files for Bankruptcy

North Carolina's Skies Darken as Airline Files for Bankruptcy Protection. The IAero group, an airline based in North Carolina, has filed for Chapter 11 bankruptcy this week. The business was formerly known as Swift Air before becoming IAero in 2019.

Read full story
7 comments
Florida State

This Florida Airport Was Named Best Large Airport in the Nation

Florida Airport Soars to the Top: Named Best Large Airport in the Nation. What is the best large airport in the United States?. Each year for the last 18 years, J.D. Power—has released its 2023 North America Airport Satisfaction Study, ranking the best airports in the U.S., Canada, and Mexico.

Read full story
California State

This High School Was Ranked The Best in California

California's Top High School: Unveiling the Best Educational Institution in the State. Student research group Niche has just released its public school rankings. It is good news for one school that has taken the title of best public school in California.

Read full story
6 comments
Texas State

Texas Retail Chain CEO Announces 10% Pay Cut: Is It Sufficient to Address Concerns?

The CEO of Container Store has taken a temporary 10% pay cut. Like many retail chains, the Container Store has struggled of late. Sales are down by 21.1% in the three months ended July 1.

Read full story
9 comments
Seattle, WA

Job Cuts Hit Seattle Startup as Company Shifts Work Offshore

Seattle Startup Takes Drastic Measures, Sending Jobs Offshore to Cut Costs. More jobs have been lost in Seattle, with Outreach, a Seattle sales software startup cuts, announcing that it will be cutting 12% of its workforce.

Read full story
8 comments
Houston, TX

Bank Branch Exodus in Texas: Major Institutions Continue to Close Doors

Major banks continue to close branches in Texas. Major banks continue to close branches in Texas. Each week, the Office of the Comptroller of the Currency (OCC) releases a bulletin of banks set to close, and the list continues to grow. Several more Texas bank locations have been recently added to the list this week.

Read full story
1 comments
Texas State

Lawsuit Fallout: Texas Developer Cuts Staff, Leaving Workers Jobless

Texas Developer Hit by Lawsuit, Forced to Lay Off Nearly 90 Staff Members. Texas developer PSW Real Estate LLC, known as StoryBuilt, has announced it will be laying off 87 employees.

Read full story
10 comments
Illinois State

Illinois Faces Job Losses as John Deere Implements Indefinite Layoffs for Hundreds

Uncertain Future for Illinois Workers as John Deere Enforces Indefinite Layoffs. John Deere has told employees at John Deere Harvester Works in East Moline, Illinois, that 225 production employees will be placed on indefinite layoff from October 16.

Read full story
13 comments
Texas State

Mass Layoffs Across Texas as Food Service Giant Loses Contracts and Cuts Hundreds of Jobs

Food Service Business Sheds Jobs: Hundreds of Workers Laid Off Statewide. Food service provider Aramark has announced hundreds of layoffs across Texas this week after losing several contracts at important locations.

Read full story
577 comments
Michigan State

Michigan Shoppers Brace for More Changes as Another Retail Chain Goes Online-Only

Michigan Faces Another Store Closure as Retailer Shifts Online. Another retail chain is closing stores and moving to online sales only. Popular retailer Soft Surroundings has filed for bankruptcy and announced it will close its stores. The women's apparel and accessories brand sought protection from creditors in the U.S. Bankruptcy Court and filed for Chapter 11 bankruptcy. The business employs almost 650 staff at its headquarters and stores.

Read full story
25 comments
Georgia State

This High School Was Ranked The Best in Georgia

Georgia's Educational Jewel: Which School Was Named the State's Best High School?. Student research group Niche has just released its public school rankings. It is good news for one school that has taken the title of best public school in Georgia.

Read full story
7 comments
Alabama State

Retail Meltdown Continues: Another Chain to Close in Alabama and Move Online

Chain Store Exodus Continues: Alabama Faces Another Retail Shutdown. Another retail chain is closing stores and moving to online sales only. Popular retailer Soft Surroundings has filed for bankruptcy and announced it will close its stores. The women's apparel and accessories brand sought protection from creditors in the U.S. Bankruptcy Court and filed for Chapter 11 bankruptcy. The business employs almost 650 staff at its headquarters and stores.

Read full story
17 comments

Comments / 0

Community Policy