Bank branch closings continue to make headlines in the United States. The latest to join the ranks of financial institutions closing physical branches is Citizens Bank, which is closing 15 locations across the country.
Citizens Bank justified its decision in an emailed statement, explaining, “At Citizens, we have embarked on 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.”
This is not a new justification for a downsizing strategy; most banks have been exploring how to increase their financial stability by eliminating redundant or underperforming physical locations.
This has been the most significant change from the strategy of a few years ago, which was simply to close branches. The pandemic may have accelerated the pace of closures, but the reality is that not all transactions can be done online.
Which Citizens Bank branches are closing soon?
The bank continues to close many of its physical branches, and already has 15 scheduled for the new year. The branches span six states and are located in:
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