Banks continue to prune branches


We've written recently about Bank of America planning on closing as many as 10% of its branches, but I thought I'd revisit it again because has an interesting story about the other banks, predicting that this will be happening for awhile now.

They mention that JPMorgan Chase has shut almost 400 locations since last fall, and that Wells Fargo has announced it's closing 12 branches in Colorado.

It's certainly possible that we'll see more neighborhood branches shut down, of course, although it's not happening in great numbers yet. The only evidence I can find of, say, smaller banks eliminating their locations is this item from The Courier News,which reported that Amcore, a regional bank in Illinois, is getting rid of one of its four branches.