Major Bank Closes Several Locations in Minnesota and Wisconsin
Last year, the United States saw the highest number of bank closures since the 2008 recession, with more to come this year.
US Bank announced earlier this year they will be closing branches across the country in 2024, including two in Minnesota and three in Wisconsin.
"Clients’ banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity," US Bank Regional Communications manager Jake Holtrop said in a media release.
Just look around, and you'll see people glued to their smartphones, handling everything from paying bills to transferring funds. It's all about convenience and efficiency these days.
Think about it, when was the last time you stepped foot inside a local bank branch?
For some, it may be a daily routine for business transactions or maybe you work at a bank, but for others like me, I can't remember the last time I needed to go to a physical bank location. 100% of my banking is now done online.
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"As we evolve along with our clients, we are reevaluating our physical footprint, and in some instances, consolidating branch locations in select markets," Holtrop said.
"Although we are closing some branches, we continue to open and enhance others, as well as rapidly enhancing our digital capabilities," he continued.
US Bank Locations Closed in Minnesota in 2024
US Bank, headquartered in Minneapolis, has reportedly closed two locations in Minnesota in 2024:
- US Bank on 403 Center Ave in Moorehead, MN
The US Bank branch on Center Ave in Moorehead closed on May 1, 2024.
US Bank on 236 East Main Street, Blooming Prairie, MN
The US Bank branch on East Main St. closed on May 1, 2024
US Bank Locations Closed in Wisconsin in 2024
Two US Bank locations in Wisconsin have already closed this year and one more is set to close later this year:
- US Bank Branch on 311 West Grand Avenue in Wisconsin Rapids, WI
The US Bank branch in Wisconsin Rapids closed on May 16, 2024. The other location in the city will reportedly remain open.
US Bank Branch on 24049 State Road 35 in Siren, WI
The US Bank branch in Siren, Wisconsin closed on May 14, 2024. The US Bank branch on Webster will remain open.
- US Bank Branch at 450 E Main St in Wautoma, WI
The US Bank branch in Wautoma, WI is set to close to customers on October 3, 2024
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Gallery Credit: Minnesota Now
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