Branch network

U.S. Bank accelerates branch closings as more customers go digital

01/20/21

Hundreds of branches temporarily shuttered during the pandemic are now permanently closed.

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Credit union branch expansion continues in face of pandemic

01/08/21

Despite limiting on-site visits and adding more self-service channels, the industry is forging ahead with plans for hundreds of new or expanded brick-and-mortar locations.

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Carter Bankshares in Virginia to close 24 branches

01/06/21

The company, which reported a large third-quarter loss in October, plans to sell or shutter a quarter of its locations.

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First Merchants in Indiana to close 17 branches

12/17/20

The company adds to a growing list of banks shutting branches to invest in technology offerings.

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U.S. lost 5% of bank branches between 2017 and 2020

12/14/20

The accelerating pace of branch closures is partly due to industry consolidation, according to the community reinvestment group that authored the new report.

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F.N.B. in Pennsylvania to close 21 branches

12/10/20

The Pittsburgh company also sold a portfolio of indirect auto loans and repaid a large amount of Federal Home Loan Bank borrowings.

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Webster Financial to trim branch network by 17%

12/04/20

The Waterbury, Conn., parent company of Webster Bank joins a fast-expanding list of banks reducing the size of their branch networks to save money and focus on digital capabilities.

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First Mid in Illinois discloses plan to close branches

12/04/20

The company is looking to shutter 10 of its 63 branches over coming months, reflecting a shift in customer preferences.

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Banks take harder look at expenses

12/01/20

First Horizon, TCF and Webster are among the banks eyeing efficiency initiatives that could include more branch closings, layoffs and reduction of office space. Expect others to follow suit as low rates and tepid loan demand tied to the pandemic pressure revenue.

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More banks keeping branches open during latest coronavirus surge

11/23/20

As COVID-19 infections break records nationwide, some banks are once again closing lobbies. But many others are maintaining the status quo after instituting a host of safety protocols that didn’t exist in the spring.

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