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.
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.
KeyBank to Close Six More CT Branches
Ohio-based KeyBank plans to close six branches across Connecticut this summer, after closing two locations earlier this year.
Bankwell Bank Takes One-Time Charge to Reduce Expenses
New Canaan-based Bankwell Bank will see a one-time $3.9 million charge in its fourth quarter results, due in part to the bank’s plans to move to a new headquarters and terminate a technology vendor.
Webster to Close At Least 14 CT Branches
Waterbury-based Webster Bank will close at least 14 Connecticut branches as part of a consolidation plan that will reduce its branch footprint by 17 percent.
Webster Bank to Close 27 Branches
Waterbury-based Webster Bank plans to close 27 of its New England branches, making it the second bank in the region to announce consolidation plans this week.
At Least 3 CT Berkshire Branches to Close
At least three Berkshire Bank branches in Connecticut will close as part of a branch consolidation that will eventually see 16 locations shutter in New England and New York.
People’s United Expects Branch Consolidation and Employee Reductions from United Bank Purchase
Most of the cost savings that People’s United will achieve when it completes its purchase of Hartford-based United Bank will be through staff and branch reductions.
