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People are visiting their bank branches less often. Banks are taking note.<\/p>\n
The last time I set foot in a bank was several years ago, and that was simply to open an account at a new bank because I was struggling with their online application.<\/p>\n
Like many other Americans, I tend to bank from my phone. So it\u2019s no wonder that with less foot traffic, banks are questioning if it even makes sense to keep so many branches open.<\/p>\n
And while JPMorgan\u2019s consumer brand Chase has said it will open branches in 2026, it seems to be doing the opposite.<\/p>\n
Chase rethinks bank branches<\/p>\n
In early February, Chase Bank said it planned to expand its financial services nationwide as part of a growth strategy launched in 2024.<\/p>\n
That included plans to open more than 160 branches in 30 states and renovate 600 locations, JP Morgan Chase revealed.<\/p>\n
The large retail bank claims to have the largest branch network in the U.S. but it\u2019s rethinking its footprint as more than just a place to deposit money. It has opened several community centers where customers can get financial training.<\/p>\n
Bank branches still matter64% of bank customers rely on branches to resolve conflicts if they can\u2019t be addressed online, according to a 2025 banking consumer study from Accenture.The same study found that 65% of customers see branches as symbols of stability.Around 34% of survey respondents said they used a branch at least once a month.<\/p>\n
More Chase Banks are planned in North and South Carolina, Florida, Pennsylvania, Kansas, Massachusetts, and Tennessee in 2026, the company shared.<\/p>\n
\u201cChase branches are more than just a place to transact; they are vital engines driving economic activity and supporting people, businesses, schools, hospitals, and nonprofits,\u201d Tom Horne, head of consumer branch banking at JP Morgan Chase, said in the statement.<\/p>\n
Yet despite the promise of more branches, some are being shuttered, based on TheStreet’s analysis of data from the Office of the Comptroller of the Currency.<\/p>\n
Chase is on a branch building spree, but that hasn’t prevented it from closing some underperforming branches.<\/p>\n
Shutterstock<\/p>\n
JP Morgan Chase Bank to close branches even as it opens new ones<\/p>\n
Chase Bank has submitted 16 notifications of branch closures to the Office of the Comptroller of the Currency since March 1, 2026.<\/p>\n
The branch closures are part of a wider trend as American banks consolidate to cut costs and consumers opt for online banking. \u00a0<\/p>\n
Chase branches that are closing257 Pine Avenue, Long Beach, California401 E. Ocean Boulevard, Long Beach, California4225 East Towne Boulevard, Madison, Wisconsin2314 N. Chester Avenue, Bakersfield, California5560 Woodruff Avenue, Lakewood, California5050 State Hwy 303 NE, Bremerton, Washington995 Washington Boulevard, Beaumont, Texas210 West Capitol Drive, Milwaukee, Wisconsin700 W. Main, Jenks, Oklahoma4850 Robinhood Drive, Willoughby, Ohio260 Front Street, Ponte Vedra Beach, Florida5730 N. Dixie Drive, Northridge, Ohio3703 North Main Street, Dayton, Ohio6305 Bridgeport Way W. Suite A, University Place, Washington2535 Main Street, Oakley, California875 North Michigan Avenue, Chicago, Illinois<\/p>\n
There are fewer bank branches in the U.S. than there were just a decade ago.<\/p>\n
The number of bank branches per American has fallen by 28% since it peaked in 2009, according to the Federal Reserve. Even so, a study from the Federal Reserve shows the uptick in branch closures has had minimal impact on customers’ access to a local bank branch.<\/p>\n
More bank news<\/p>\n
Private capital is coming for your bank$41 billion 156-year-old bank merger reveals shift in consumer behaviorBank mergers are on the rise: Your bank could be next<\/p>\n
Still, branch closures could continue as the industry consolidates, TheStreet reported.<\/p>\n
But even as Chase closes some branches, its overall growth remains steady.<\/p>\n
JP Morgan Chase had 5,083 branches in 2025, and has opened 900 branches in the last five years, according to the bank\u2019s latest annual report to shareholders. Those new branches have also contributed to about 40% of the bank’s market share gains since 2019, it said.<\/p>\n
\u201cThese younger branches have embedded deposit growth opportunities as they continue to season for a decade and beyond,\u201d JP Morgan Chase said in the annual report.<\/p>\n
Related: JP Morgan CEO has blunt inflation message<\/p>\n
#JPMorgan #Chase #Bank #closes #branches<\/p>\n","protected":false},"excerpt":{"rendered":"
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