Banks are shutting locations across New York. Is your local branch closing?
There continues to be a push by banks to get their customers online, as seen by the number of physical branches being closed.
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. 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.
One report states, "If the trend of current bank branch closings continues, there may be no bank branches left in 10 years."
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.
Below are the bank locations set to close in New York over the summer.
Branches in New York Closing in June
- Citizens Bank. 95 Weibel Ave, Saratoga Springs
- Citizens Bank. 96 Wolf Ave, Albany
- Citizens Bank. 35 Franklin Plaza, Dansville
- Citizens Bank. 9 Clifton Country Rd, Clifton Park
- JP Morgan. 1025 Brown St, Peekskill
- Bank of America. 2001 Rockway Parkway, Brooklyn
- Capital One. 200 W. 135TH St, New York
- Capital One. 500 East Fordham Rd, Bronx
Branches in New York Closing in July
- Wells Fargo. 133 North Main St, Port Chester
- Santander Bank. 1290 Avenue of the Americas, New York
- Keybank. 2315 N. Triphammer Rd, Ithaca
- JP Morgan. 36-63 Main St, Flushing
- JP Morgan. 60 Great Neck Rd, Great Neck
Branches in New York Closing in August
- Community Bank. 830 Country Rt 64, Elmira
- Community Bank. 26 East Main St, Clifton Springs
- Community Bank. 331 West Pulteney St, Corning
- JP Morgan. 402 Halstead Ave, Harrison
- JP Morgan. 275 Halstead Ave, Harrison
- Capital One. 118 7th St, Garden City
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.
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? Will you switch banks?
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