U.S. banks and thrifts continued to trim branches in October, closing 213 and opening only 80, according to SNL Financial data. As of Oct. 31, there were 91,466 active bank and thrift branches in the U.S.

Toronto-Dominion Bank's U.S. subsidiary opened a net of nine branches in October, the most of any bank in the country. In addition, Seattle-based HomeStreet Inc.; Short Hills, N.J.-based Investors Bancorp Inc.; and Banco Santander SA's U.S. subsidiary each opened two branches apiece during October.

With 60 branches closed and only two openings, PNC Financial Services Group Inc. ended the month with the highest net closings among any bank or thrift.

During the BancAnalysts Association of Boston Conference on Nov. 3, PNC CFO Robert Reilly said, "In the third quarter, approximately 59% of consumer customers used digital channels for the majority of their transaction, up 6 percentage points from the same period a year ago. As a result, we continue to consolidate branches where appropriate and transition to more universal branches. These are typically smaller in square footage and staffing, and emphasize our digital tools and offerings. In fact, we expect more than half our branches will operate under the universal format by the year 2020."

Bank of America Corp. Chairman and CEO Brian Moynihan struck a similar tone on the bank's Oct. 17 third-quarter earnings call, stating, "So we are in a sea change in terms of what the branches look like individually. The new branches are different. We are adding branches we didn't have and we are closing branches where the utilization isn't there." The bank closed a net 31 branches in October, the second-most of any bank or thrift.

JPMorgan Chase & Co. had 25 net closures, and Capital One Financial Corp. had 21 net closures.

Massachusetts and Nebraska led the country with just two net openings each last month. Texas had the most net closures at 30, with 36 closures and six openings during the month. Of the 36 closures, Capital One was responsible for 13, Bank of America nine and JPMorgan eight.

Click here for a template that allows you to view bank branch openings and closings. Click here to view a webinar on best practices for bank branch analysis. Click here to access a tool that allows you to generate market share reports for specific companies or U.S. markets. SNL combines bank branch data along with demographic information, which can be accessed via the market demographics page under the U.S. market analysis section of a company's briefing book page on the SNL website or in SNLxl.