List of banks that will close this fall: Wells Fargo, Santander, Bank of America…

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List of banks that will close this fall: Wells Fargo, Santander, Bank of America…

Shawdesh desk:

Bank branches continue to shut their doors in droves across the United States. In recent days, several financial institutions have announced further closures, as the rise in internet banking leads to dwindling foot traffic at banks.

“More customers choosing to bank with us online”

“Like many industries, our customers’ preferences have changed, with more customers choosing to bank with us online,” Santander said in a statement to customers.

“Therefore, we are reimagining the customer and employee experience by simplifying our processes, refining our branch footprint, and increasing our investment in digital capabilities to align with the evolving needs of our customers.”

In a similar vein, Wells Fargo said: “We continuously evaluate our branch network in light of changing customer needs, the increase in the use of digital banking and market factors.”