These 220+ Bank Branches Have Closed SO FAR in 2024 – The Organic Prepper
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It’s not a great sign if your bank is closing branches all over the country. And that’s the case for many banks in the United States in 2024, in particular Bank of America, US Bank, and Citizens, which have had the most closures thus far. In all, 222 bank branches have closed in the first two months of the year, and if it keeps up at this rate, we’ll be looking at the closure of around 1300 branches.
If you’re wondering why the branches are closing, the answer, of course, is money. With each branch closure, they save on salaries and overhead. There are no employees to pay, no rent is owed, and no utility bills are racked up.
It’s been estimated that Bank of America’s 41 branch closures saved them over $100 million.
I think it’s also a worrisome sign that these changes have needed to occur. We’ve talked often on this website about the looming failure of our American economy, and this seems to be a signal that things aren’t as great as President Biden wants us to believe. I’m personally a strong believer in putting my savings into gold and silver at this point because I simply no longer feel that the dollar is a viable unit of savings. If you’re interested in learning more about how to do this, you can call my friends at ITM Trading absolutely free and discuss it with them. There’s no pressure at all – it’s merely educational – and I think you owe it to yourself to learn how to protect your savings in the months ahead.
Of course, as with most economic crises, folks with less money are hit harder and hit first. According to a report on CNBC, these branch closures are causing “banking deserts.” This is sort of like food deserts, where there aren’t enough sources of healthful whole food in an area, but for financial services.
I also foresee future closures causing problems for people who live in more remote areas if the trend continues.
Interestingly, the list I have came from Great Britain News. I was not able to find a similar list of branches in the American media. (I’m sure that’s just fine. Nothing to see here, right?)
Bank of America
Bank of Brenham NA
College Station, Texas – 3030 University Drive East
Capital One
Citibank
Citizens Bank
Community Bank, N.A.
Farmers’ NB of Canfield
Fifth Third Bank
First National Bank
First Republic
Fulton Bank
Huntington
KeyBank
Landmark National Bank
Overland Park, Kansas – 8101 West 135th Street
Legacy National Bank
Centerton, Arkansas – 192 East Centerton Boulevard
Pikes Peak National Bank
Fountain, Colorado – 6615 Camden Boulevard
PNC Bank
Santander
TD Bank
Terrabank National Bank
Trustco
US Bank
Wells Fargo
Woodforest National Bank
Note that many bank branches in the UK are also closing, so this is not just an American economy problem. It’s a much larger issue.
There are a few different ways we can look at this, but the thing that comes to mind to me is that if more people are forced into doing their banking transactions digitally, then the switch to CBDCs (Central Bank Digital Currencies) will be even more seamless. If our currency were to move to a digital one, network of control would be complete, as the government would be able to access absolutely every dime you spend, block expenditures, and much more. (You can read about it here.)
Is this definitely what’s going to happen? Well, I don’t have a crystal ball but it really seems like everything is pushing us this way. We’re rapidly moving into a world that values digital efficiency over the human touch, what with self-checkout at stores and ordering kiosks at restaurants. If we take away the human face of banking and replace it with a laptop or a phone screen, it’s just another step toward the technocracy, in my mind.
I can’t caution you strongly enough – the writing really is on the wall. If you’re planning to make a move to precious metals, you will need to do it soon. The prices of metals will go up dramatically when these changes begin to occur, and you’ll want to have yours before that price skyrockets. Here’s the place I recommend and trust.
We can say we refuse to participate in the CBDC system, but if your money is in the bank you will not have an option. There would be a lot of things you can’t do at all if you aren’t using CBDCs if that system comes into play. I don’t think we’ll be able to reasonably avoid all of it. I think the goal is to limit your use of it.
Step by step, we are marching toward a future that most of us do not want. We’re watching it happen in real-time. We have to do everything possible to make that future more difficult for the powers that be to force upon us.
Have you seen your bank affected by closures? Do you have to drive further for banking services or do things online that you’d prefer to do in person? What are your thoughts about the bank branch closures? Do you believe it’s a sign of more trouble to come?
Let’s discuss it in the comments section.
Daisy Luther is a coffee-swigging, adventure-seeking, globe-trotting blogger. She is the founder and publisher of three websites. 1) The Organic Prepper, which is about current events, preparedness, self-reliance, and the pursuit of liberty; 2) The Frugalite, a website with thrifty tips and solutions to help people get a handle on their personal finances without feeling deprived; and 3) PreppersDailyNews.com, an aggregate site where you can find links to all the most important news for those who wish to be prepared. Her work is widely republished across alternative media and she has appeared in many interviews.
Daisy is the best-selling author of 5 traditionally published books, 12 self-published books, and runs a small digital publishing company with PDF guides, printables, and courses at SelfRelianceand Survival.com You can find her on Facebook, Pinterest, Gab, MeWe, Parler, Instagram, and Twitter.