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Branch Consolidation Wave Hits Illinois as More Banks Announce Closures

Illinois Banking Landscape Shifts as Several More Branches Announce Closure Plans.
Branch Consolidation Wave Hits Illinois as More Banks Announce Closures

In the week leading up to Christmas, another three bank branches in Illinois were listed to close. These locations add to a growing wave of bank locations closing in Illinois and nationwide.

The three locations closing are.

  • PNC Bank. 1640 W Fullerton Ave, Chicago
  • Litchfield NB. 704 North State St, Litchfield
  • JP Morgan. 3856 W 26th St, Chicago

Branches in Illinois Recently Added to Closure List

There have been a lot of bank branches listed to close over the last few months. Some locations below have already closed, and some are set to close soon. Below is the full list.

  • Bank Of America. 2 N. Riverside Plaza, Chicago.
  • Chicago PB. 10 S. Wacker Dr, Chicago
  • PNC Bank. 5650 South Brainard Ave, Countryside
  • JP Morgan. 5341 N Lincoln Ave, Chicago
  • PNC Bank. 302 West Adams St, Chicago.
  • Bank of America. 68 Stratford Dr, Bloomingdale
  • Bank of America. 2400 N. Richmond Rd, McHenry
  • JP Morgan. 3480 West 183rd St, Hazel Crest
  • PNC Bank. 13470 Route 59, Plainfield
  • JP Morgan. 1000 W. Randolph St, Chicago
  • JP Morgan. 923 West Washington Blvd, Chicago
  • Home State Bank. 5999 Northwest Hwy, Crystal Lake
  • PNC Bank. 13470 S Route 59, Plainfield
  • Old Plank Trail Community Bank. 200 West 162nd Street, South Holland.
  • Bank of America. 2 N. Riverside Plaza, Chicago
  • JP Morgan. 7007 West Dempster St, Niles
  • JP Morgan. 935 West Armitage Ave, Chicago
  • JP Morgan. 4854 West Irving Park Rd, Chicago
  • JP Morgan. 923 West Washington Blvd, Chicago
  • JP Morgan. 600 North Dearborn, Chicago
  • JP Morgan. 2365 North Farnsworth Ave, Aurora
  • JP Morgan. 444 South Rand Rd, Lake Zurich
  • JP Morgan. 1289 South Rand Rd, Lake Zurich
  • Citibank 227 West Monroe St, Chicago
  • JP Morgan. 2968 N. Lincoln Ave, Chicago
  • JP Morgan. 50 Skokie Blvd, Wilmette
  • JP Morgan. 5200 Dempster St, Skokie
  • JP Morgan. 4200 Dempster St, Skokie
  • BMO Bank. 9731 Skokie Blvd, Skokie
  • Wells Fargo. 10 S. Wacker Drive, Chicago
  • Huntington NB. 4355 N. Sheridan Rd, Chicago
  • Huntington NB. 5667 W Touhy Ave, Niles
  • Keybank. 101 West Lawrence Ave, Chicago
  • Keybank. 1301 Meijer Dr, Rolling Meadows
  • PNC Bank. 1140 N Main St, Gainesville
  • PNC Bank. 2217 W Market St, Bloomington
  • PNC Bank. 1949 E Sangamon Ave, Springfield
  • Associated Bank. 200 East Randolph Dr, Chicago
  • Associated Bank. 1 Junction Dr West, Glen Carbon
  • Associated Bank. 105 East State Street, Hamel

Between 2017 and 2021, nine percent of all branches — almost 7,000 locations— shut their doors. The increase in bank closures means many people must travel further to reach their nearest bank, primarily impacting vulnerable and elderly customers.

Your thoughts

Do these branch closures affect you? Will you move to online banking? Will you switch to a credit union? Should branches stay open for people who prefer to conduct their banking in person? Do you have confidence in your local bank? Why do you think so many branches are closing in Illinois?

Please leave your thoughts in the comment section below and share this article on social media and with others so more people can join the discussion.

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