Banks closed or opened almost 50 branches in Dallas-Fort Worth in 2024, with the net slightly favoring the former, according to a Dallas Business Journal review of state and federal regulatory filings.
Overall, banks closed 24 branches and opened 20 last year. DBJ looked at filings with the U.S. Office of the Comptroller of the Currency and the Texas Department of Banking. The numbers are indicative of a trend dating back more than a decade as banks have consolidated and consumers have transitioned to banking digitally on their computer or their phone.
While banks closed more branches than they opened last year, the trend could change in 2025 with several banks planning network expansions. Branch openings could also be propped up as additional players enter the marketplace. A continuous stream of new entrants has helped North Texas experience a more subdued loss of branches than seen nationally.
Several other banks made a limited number of bank moves last year. Among those were:
- Dallas-based banks Vista Bank and Veritex Community Bank each opened branches in southern Dallas. Vista opened a branch at 3225 Martin Luther King Jr. Blvd. in what used to be a run-down Social Security office near Fair Park. Veritex opened a small branch inside the Cedar Crest Community Center.
