9 New York Bank Branches Set to Close in September
According to the Office of the Comptroller of the Currency (OCC) and other media sites, a number of significant bank branches in the state of New York have been slated to close permanently this month.
As previously reported, the Federal Deposit Insurance Corporation (FDIC) statistics indicates that there were roughly 8,000 banks operating in 2000; however, by 2022, this number had been cut in half.
According to economists, this trend will further intensify as more consumers get interested in online banking.
Within the next three months, JPMorgan Chase, Capital One, and Citizens Bank will all close their doors in New York, making it more challenging for people to receive basic banking services.
The most recent information available is the list of banks closing in New York that follows.
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List of New York Bank Branches Closing in September and October
The following New York bank branches are expected to close between September and October, according to a report from FrankNez.com:
Santander Bank. 717 Manhattan Ave, Brooklyn
Flagstar Bank. 1445 Richmond Ave, Staten Island
Flagstar Bank. 350 Motor Parkway, Hauppauge
Flagstar Bank. 1351 Forest Ave, Staten Island
Flagstar Bank. 3501 Amboy Rd, Staten
Flagstar Bank. 335 Nesconset Hwy, Hauppage
Flagstar Bank. 2656 Hylan Blvd, Staten Island
Keybank. 3083 Carman Rd, Rotterdam
JP Morgan. 533 5th Ave, Brooklyn
According to data from the Federal Deposit Insurance Corporation (FDIC), there were around 8,000 banks in existence in 2000, but by 2022, this number had been cut in half, as quoted in the article.
According to economists, this trend will further intensify as more consumers get interested in online banking.
Although a cross-reference with the OCC bulletin shows that the above list is the most recent and correct, it should be cautioned that it might not be comprehensive.
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