While the pandemic has accelerated the transition from brick-and-mortar to digital banking, the online trend hasn’t led to widespread bank branch closures in the Philadelphia region. In fact, overall branch counts in the area are down just three percent in a year-over-year analysis ending in June. Jeff Blumenthal reported the details for the Philadelphia Business Journal.

Among the shuttered branches, big banks led in the number of closed locations, since community banks usually have a limited number of retail locations.

Among the notable exits:

• TD Bank closed 10 of its 127 local branches (eight percent of its footprint), leading the list
• Wells Fargo was number two; it scaled down from 172 to 160 branches
• PNC Bank eliminated seven percent of its presence, leaving 119 area locations
• Citizens Bank and Santander Bank shuttered fewer locations, closing just three percent of their overall market presence:
  • Citizens Bank went from 150 to 146 branches
  • Santander Bank downsized from 71 to 69

Meanwhile, Truist Bank and WSFS Bank saw level pegging, maintaining the same number of branches over this period.

Some regional banks also scaled back; they include Univest Bank, which cut five of its 39 locations.

Read more about bank branch closures throughout the area in the Philadelphia Business Journal.