Wells Fargo, Bank of America Make Move Customers Will Hate

Bank branches are going the way of video stores and pay telephone booths, and there's nothing financial consumers can do about it.

In Philadelphia, Wells Fargo has closed 17% of its local bank branches since 2020. Regional kingpin PNC is not far behind, shuttering 15% of its branches in the Philadelphia area, according to the Philadelphia Business Journal. Bank of America has gotten into the act, closing 5% of its physical locations in the region, as well.

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