More than 220 bank branches have closed in the United States within the first two months of 2024, according to official US Government data.

Figures from the Office of the Comptroller of the Currency (OCC) found the rate of bank branch closures accelerated into January and February.

The federal regulator found Bank of America, US Bank and Citizens led the charge with the national banks accounting for nearly half of all closures.

These banking groups closed 92 locations within the space of eight weeks with 222 sites closing down during the period overall.

If banks across the United States continue to shut down at their current rate, around 1,300 will close by the end of 2024.

Steven Reider, the founder and president of Bancography, cited the growing confidence among banks in being able to provide sufficient financial services online.

US banks are continuing to close branches across the country

In January and February, Bank of America's 41 branch closures having potentially saved the financial institution nearly $100million.

Redier explained: “'Banks are willing to close a branch that isn't really overlapping any other branch on the gamble that customers are willing to drive a little bit further.

“I think Bank of America has leaned into that more than the other large banks have.”

The rate of bank branch closures has been exacerbated due to the Covid pandemic which resulted in people relying on online banking services due to staying at home.

Based on OCC data, here is a list of the 222 bank branches that closed down in January and February of 2024:

College Station, Texas - 3030 University Drive East.

Citizens Bank is among the financial institutions shutting down sites

Overland Park, Kansas - 8101 West 135th Street.

Centerton, Arkansas - 192 East Centerton Boulevard.

Fountain, Colorado - 6615 Camden Boulevard.