In the United States, news stories about closing bank branches keep coming out. The fifteen locations across the country that Citizens Bank is closing are the most recent ones to join the list of banks closing physical branches.
“At Citizens, we have begun a journey to evolve the way our customers bank with us, and we continually review customer patterns to evolve and adjust branch strategy across our network,” Citizens Bank said in an email to explain its decision.
This is not a new reason for a downsizing strategy; most banks have been looking into how to make their finances more stable by getting rid of physical locations that are not needed or are not doing well.
Back a few years ago, the plan was just to close branches, so this is the biggest change from that. There may have been more store closings because of the pandemic, but the truth is that not all transactions can be done online.
Which Citizens Bank branches are closing soon?
The bank is still shutting down a lot of its physical branches. In fact, 15 are already set to close in the new year. There are branches in six states, in the following places:
Massachusetts (MA)
- 1025 Truman Parkway, Hyde Park, MA.
- 535 Trapelo Road, Belmont, MA
- 248 Middlesex Turnpike, Burlington, MA
- 70 Pulaski Blvd, Bellingham, MA
Michigan (MI)
- 7000 Monroe Blvd, Taylor, MI
- 200 Merriman, Westland, MI
New Hampshire (NH)
- 122 Northeastern Blvd, Nashua, NH
Ohio (OH) - 7450 Broadview Road, Parma, OH
Pennsylvania (PA)
- 2497 Aramingo Avenue, Philadelphia, PA
- 4570 Fifth Avenue, Pittsburgh, PA
- 4 South Baltimore Street, Dillsburg, PA
- 712 Washington Road, Pittsburgh, PA
- 200 Tarentum Bridge Road, New Kensington, PA
- 8345 Ridge Avenue, Philadelphia, PA
Rhode Island (RI)
- 275 Newport Avenue, Rumford, RI
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