“I'm going to sorely miss this branch to do my banking,” said Pantelis, 72, a retired Greek Orthodox priest who has banked with PNC for about 20 years.

Major banks such as PNC close branches located in poorer areas such as Clairton much more often than in wealthier areas, leaving customers in the lurch, according to a recent study of branch closings and openings by the nation's 4,477 largest banks.

SNL Securities, a research firm in Charlottesville, Va., found that banks since 2006 opened a net 519 branches in neighborhoods with median household incomes of $100,000 or above.

By contrast, however, those banks closed a net 806 branches in neighborhoods with median household incomes of $50,000 or less, including 182 in neighborhoods under $25,000.

Median household income in Clairton is $35,989, according to census data.

“In a lot of these lower-income neighborhoods, when people lose their branch, they go to a currency exchange, a check casher or pay day lender, and they wind up with high-cost credit and a debt trap,” said Dory Rand, president of the Woodstock Institute, a fair lending advocacy group in Chicago.

“It's an example of how it's expensive to be poor,” Rand said. “We have millions of individuals in this country who are unbanked, and they are disproportionately people with less education, lower income and people of color.”

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