Between January 2020 and April 2021, U.S. Bancorp closed more branches than any other U.S. bank. The company doubled the branch closure plan it had announced in 2019 due to COVID-19, claiming that it needs fewer branches now than it did even a few years ago. JPMorgan Chase & Co. also thinned out its network since January 2020; its 334 facility closures represent the fourth-most of any bank in the U.S.