NEW YORK–A new analysis has found JPMorgan Chase closed the most branches among all banks in 2025, closing 66 of its outlets to date.
According to the Daily Mail, TD Bank came next with 51, then Citizens Bank with 18 and Bank of America at 15 closures.
As the CU Daily reported earlier, TD Bank previously announced it was closing 89 total branches as it moves toward a more digital model.
A total of 311 branches closed since August 2025, with PNC Bank, Wells Fargo and a few other companies making up the remaining closures, the Daily News reported.
According to the analysis, Florida and California are the states with the most closures, coming in at 28 shutdowns each. New York has seen 18 branch closures, while Texas has seen 17, and Pennsylvania and Massachusetts each have seen 13 branches close their doors.
Changes that are Familiar to CUs
The Daily Mail noted that the closures reflect changes in the banking industry as many consumers turn to online banking and the use of mobile apps for many of their needs, as credit unions have experienced, as well.
The report cited a survey by the American Bankers Association that found that 54% of bank customers use apps on their mobile devices as their top option for managing their accounts. The study also found 22% use a laptop or PC for online banking, while only 9% visit a branch.
The report added that bank analysts expect up to 1,400 branch closures in 2025, which is more than the 1,043 branches that closed in 2024.
