My rough estimate from the OCC site is 406 closures in Q4 2020. Not sure how that has been kept so quiet. I've only seen a couple of local articles mention the closures for their geography.
https://www2.occ.gov/topics/charters-and-licensing/weekly-bulletin/2020/index-weekly-bulletin-2020.html
My group is making some marketing material for Q2 this year. They made us change the branch total and drop it to 4800. So we have a few more to go over the next few months. The impact is interesting though. I have friends working in a branch and people from closed branches have been taking positions at other branches. Only a couple of them don’t get a spot, but they’re half way out of the door anyways. Naturally attrition at its best.
My Google alerts gives closings everyday
welcome to the cry baby forum
OMG people, i can’t believe that our execs said they would trim our branches down to about 4,000 and now they actually are doing that. It’s an outrage, why didn’t i get warned about this!!!
thank only 73k more to fire this year
Because this is normal. Banks open and close branches all the time.
Each branch has 10-20 employees, or 4000-8000 layoffs. Or about 7 to 15 % of the 50k goal. Will there be more branches closed in 2021?
That's a start...I wonder about the total # for 2020 branch closures.