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US banks close 395 branches in November led by US Bancorp

U.S. banks and thrifts opened 87 branches and permanently closed 395 during November, according to S&P Global Market Intelligence data.

As of Nov. 30, there were 84,363 active bank and thrift branches in the U.S. Over the 12 months, U.S. banks and thrifts have closed 2,993 branches and opened 1,086.

Martinsville, Va.-based Carter Bankshares Inc. opened three branches in November, more than any other bank in the country. The bank opened two branches in Virginia and one in North Carolina.

Meanwhile, U.S. Bancorp closed 144 branches, including 39 in California, 20 in Oregon, 15 in Colorado and 14 in Nevada. Wells Fargo & Co. was the second-most active closer at 91 branches, 26 of which were in California and nine in Texas.

California's 60 net closures was the most of any state in November, followed by Oregon's 28 net closures.

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Click here to access a template containing bank branch openings and closings for November 2020.