Santander Bank Closing 13 Pennsylvania, New Jersey Branches; One Is in Montgomery County
Santander Bank is closing 13 branches in Pennsylvania and New Jersey, including one in Montgomery County, writes Jeff Blumenthal for the Philadelphia Business Journal.
Overall, five closing locations are in the immediate Philadelphia region, while five more are on its outskirts.
According to the Office of the Comptroller of the Currency, Santander Bank has filed to close the branch located at 5022–5024 City Ave., near Bala Cynwyd.
Three more locations in Philadelphia and one in Clementon, New Jersey, are also among those being shuttered.
“Like many industries, our customers’ preferences and behaviors have changed, with more customers choosing to bank with us online,” said a Santander spokeswoman.
“Therefore, we are reimagining the customer and employee experience by simplifying our processes, refining our branch footprint, and increasing our investment in digital capabilities to align with the evolving needs of our customers.”
Santander Bank is the Boston-based subsidiary of Spain’s Santander Group.
The bank is still the seventh-largest deposit taker in the region, despite its declining number of branches.
Read more about Santander Bank in the Philadelphia Business Journal.
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