Wells Fargo and Bank of America are closing branches in Georgia this summer.
The number of bank locations closing across the United States continues to increase as major banks push customers toward online banking.
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. The banks are required to provide 90 days advance notice of a location closing.
"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
Self Financial "estimates the number of U.S. bank branches will fall from about 60,000 in 2023 to approximately 15,660 in 2030 – and continue falling until there are no bank branches left by 2034."
While some people do their banking online, many still prefer to visit a branch to conduct their finances so these closures will cause some concern to some customers.
Banks Closing in Georgia
Below are the bank locations set to close in Georgia over the summer.
- Wells Fargo. 6725 Highway 92, Woodstock
- Wells Fargo. 6999 Abercorn St, Savannah
- Wells Fargo. 2 Peachtree St Atlanta
- Wells Fargo. 725 Houston Mill Rd N.E. Atlanta
- Wells Fargo. 5825 State Bridge Rd, Duluth
- Wells Fargo. 4265 Lawrenceville Highway 29 NW, Lilburn
- Wells Fargo. 154 South Main Street, Jonesboro
- Bank of America. 2367 Peachtree Rd NE, N.E. Atlanta
I will continue to update this list, so if you wish to be updated with the latest developments, make sure you click the follow button.
Your thoughts
Do these branch closures affect you? Will you move to online banking? Should branches stay open for people who prefer to conduct their banking in person? Do you have confidence in your local bank?
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