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California Banking Shake-Up: More Major Banks Close Branches, Impacting Customers

California Banking Shake-Up

California Banking Shake-Up

There are already a lot of banks closing this summer in California, and now three more are going out of business.

A few weeks ago, I told readers that several bank branches in California were closing, and I promised to keep them up to date. In the last few weeks, more California banks have been put on the list to close.

Let’s look at this story, which is still going on.

The End of Banks

As they close branches all over the United States, big banks keep telling users to use online banking.

The Office of the Comptroller of the Currency (OCC) puts out a list every week of banks that are going to close, and the list keeps growing. In 2000, there were about 8,000 banks, according to statistics from the Federal Deposit Insurance Corporation (FDIC). By 2022, this number had dropped by half.

California’s list of banks that will be closing got longer.

Some people do their banking online, but many still prefer to go to a branch to handle their funds. Because of this, these branch closings will worry some customers.

Here is the most up-to-date list of all the California bank sites that will close over the summer.

In June, bank branches in California will close.

California Bank Branches closing in June

California Bank Branches closing in July

California Bank Branches closing in August

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