Branch network

WSFS reinvention continues with Bryn Mawr Bank deal

03/10/21

The Delaware company would remove a rival, gain scale in affluent Philadelphia suburbs and accelerate its transformation from a branch-heavy lender to a digital-first bank with the $976 million acquisition.

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TD to close 82 U.S. bank branches as COVID drives digital growth

02/25/21

Toronto-Dominion Bank said it will close 82 bank branches in the U.S. as part of a “store optimization” in its American unit, where net income dropped in the fiscal first quarter.

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Blackouts, deep freeze force Texas banks to shutter branches

02/17/21

Comerica, Regions and Frost Bank closed hundreds of branches statewide while others ran them at reduced capacity or on power generators to help ease the strain on the state’s overwhelmed power grid.

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BMO’s Johannson plans digital upgrades to boost lagging returns

02/03/21

Canada’s fourth-largest bank is pressing ahead with big technology investments to cut costs and try to generate more revenue from existing customers, said Erminia Johannson, BMO’s head of personal and business banking for the U.S. and Canada.

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Pandemic slows pace of branch expansion at Navy Federal

01/28/21

The credit union expects to open at least eight branches across the country in the months ahead, about half of what it normally adds to its brick-and-mortar network in an average year.

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Bank of Hawaii, National Bank Holdings join list of banks closing branches

01/26/21

The companies are reacting to an ongoing shift in customer preferences to digital channels.

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Huntington shuttering dozens of in-store branches in Michigan

01/22/21

The Columbus, Ohio, company plans to close nearly 200 branches in the state — including more than 90 in Meijer grocery stores — after it acquires TCF Financial. It also intends to significantly boost its technology spending to improve its digital capabilities.

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First Horizon squeezing more cost savings from Iberiabank deal

01/22/21

Pandemic-induced shifts in how people work and bank will allow the Tennessee company to shed more branches and office space. It now projects it will slash expenses by an additional $30 million a year.

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People's United plans to close 140 in-store branches

01/21/21

The Connecticut company said it will take several years to shut down the locations, which are located in Stop & Shop stores. About 80% of the branches are within five miles of traditional locations.

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Wintrust, Hancock Whitney to close branches

01/21/21

Sandy Spring Bancorp also plans to shrink its network as more customers move to digital channels.

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