Rapid Closure of U.S. Bank Branches in Q1 2025 Reveals Industry Shift
The pace of bank branch closures escalated sharply in the first quarter of 2025, driven by decisions from two of the largest banks in the U.S. The net closure rate reached 148 branches, significantly up from just 21 in the prior quarter, as reported by S&P Global Market Intelligence. This trend reflects growing shifts towards digital banking solutions and changing consumer behaviors. As the banking landscape evolves, stakeholders need to consider how these closures will influence financial services and customer experiences in the future.