Story perspectives

2025 Sees Record Bank Closures, Leaving Communities Stranded

12/16/2025

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Summary

Story summary

311 bank branches have closed since late August 2025, making 2025 the worst year for walk-in banking.
JPMorgan Chase led with 66 closures, followed by TD Bank and others.
California and Florida were the hardest hit.
Experts warn closures disproportionately affect older Americans and cash-dependent customers who struggle with online banking, leading to banking deserts.
Analysts note fewer branches can reduce local lending, as lower branch density correlates with weaker small-business lending.

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Story summary

311 bank branches have closed since late August 2025, making 2025 the worst year for walk-in banking.
JPMorgan Chase led with 66 closures, followed by TD Bank and others.
California and Florida were the hardest hit.
Experts warn closures disproportionately affect older Americans and cash-dependent customers who struggle with online banking, leading to banking deserts.
Analysts note fewer branches can reduce local lending, as lower branch density correlates with weaker small-business lending.