Wells Fargo Plans Two More CT Branch Closings
Add New Haven and Bethel to the communities in line to lose a Wells Fargo branch this year.
All Bank Branches that Opened and Closed in Connecticut in 2023
Only one bank opened any new branches in the state this year, while several big brands moved to shutter physical locations.
JPMorgan Chase to Consolidate Three Greenwich Branches
JPMorgan Chase is reorganizing its branch network in Greenwich, closing a total of three branches while opening three other branches.
Survey: Majority of All Age Groups Prefer Mobile, Online Banking
Two national studies show that US bank consumers are shifting their preferences more to digital banking platforms, both mobile and online, instead of opting to go to branches – particularly to branches inside big retailers.
Berkshire Bank Expects More Branch Closures Next Year
Berkshire Bank is expecting to close down more branches in 2024 as a part of its three-year restructuring plan geared on leaning towards improvement of its digital banking platforms.
Wells Fargo Axes Two More Fairfield County Branches
Wells Fargo is parting ways with two more branch locations in Fairfield County, bringing its total branch closures planned this year to three.
Branch Staff Adapt in Changing Industry
With financial technology and automation expected to affect banking even more in the coming years, banks and credit unions will likely continue to reevaluate not just their branch networks but also the roles of frontline staff.
People’s United to Keep One-Third of CT Stop & Shop Branches in Deal
Almost eight months after announcing it would close 140 of its branches in Stop & Shop supermarkets across its footprint, Bridgeport-based People’s United Bank partially reversed course yesterday saying it will be retaining around one in three of its Connecticut Stop & Shop locations.
More Branch Closures Ahead
Connecticut will lose dozens of bank branches in the next couple of years as several lenders shutter locations, including supermarket branches made unprofitable by small margin spreads.
