Each week the Office of the Comptroller of the Currency (OCC) releases a bulletin of banks set to close, and the list continues to grow. Several more Illinois bank locations have been recently added to the list.
JP Morgan. 600 North Dearborn, Chicago
JP Morgan. 2365 North Farnsworth Ave, Aurora
JP Morgan. 444 South Rand Rd, Lake Zurich
JP Morgan. 1289 South Rand Rd, Lake Zurich
Associated Bank. 300 N Lasalle, Chicago
Citibank 227 West Monroe St, Chicago
JP Morgan. 2968 N. Lincoln Ave, Chicago
Major banks continue to push customers toward online banking as they close locations across the United States. According to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.
One report states, “If the trend of current bank branch closings continues, there may be no bank branches left in 10 years.”
Below are the bank locations set to close in Illinois.
Branches in Illinois Recently Closed
Bank Of America. 2 N. Riverside Plaza, Chicago.
JP Morgan. 5341 N Lincoln Ave, Chicago
PNC Bank. 302 West Adams St, Chicago.
Bank of America. 68 Stratford Dr, Bloomingdale
Bank of America. 2400 N. Richmond Rd, McHenry
JP Morgan. 3480 West 183rd St, Hazel Crest
PNC Bank. 13470 Route 59, Plainfield
JP Morgan. 1000 W. Randolph St, Chicago
JP Morgan. 923 West Washington Blvd, Chicago
Home State Bank. 5999 Northwest Hwy, Crystal Lake
PNC Bank. 13470 S Route 59, Plainfield
Old Plank Trail Community Bank. 200 West 162nd Street, South Holland.
Bank of America. 2 N. Riverside Plaza, Chicago
Branches in Illinois Set to Close
JP Morgan. 7007 West Dempster St, Niles
JP Morgan. 935 West Armitage Ave, Chicago
JP Morgan. 4854 West Irving Park Rd, Chicago
JP Morgan. 923 West Washington Blvd, Chicago
JP Morgan. 600 North Dearborn, Chicago
JP Morgan. 2365 North Farnsworth Ave, Aurora
JP Morgan. 444 South Rand Rd, Lake Zurich
JP Morgan. 1289 South Rand Rd, Lake Zurich
Associated Bank. 300 N Lasalle, Chicago
Citibank 227 West Monroe St, Chicago
JP Morgan. 2968 N. Lincoln Ave, Chicago
While some people do their banking online, many still prefer to visit a branch to conduct their finances, so these closures will cause some concern to some customers.
I will continue to update this list, so if you wish to be updated with the latest developments, make sure you click the follow button.
Your thoughts
Do these branch closures affect you? Will you move to online banking? Should branches stay open for people who prefer to conduct their banking in person? Do you have confidence in your local bank? Will you switch to a credit union?
Please leave your thoughts in the comment section below and share this article on social media and with others so more people can join the discussion.
