A BIG Bank will be shutting down several branches as in-person demand has trickled down.
Associated Bank, which has 202 locations in three states, is based in Green Bay, Wisconsin.
However, it will be saying goodbye to six branches by November 17, according to a report from the Milwaukee Business Journal.
The move to close the branches comes as consumers are changing the way they are banking.
“The consolidations align with an industry-wide trend, which includes consumers’ adaption to digital banking, a smaller branch footprint and lower frequency of walk-in traffic,” Associated Bank said in a statement, according to Milwaukee Business Journal.
The six branches will close in Wisconsin and Illinois. The addresses and cities impacted are as follows:
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- 2815 South Chicago Avenue in South Milwaukee
- 300 North LaSalle Drive in Chicago
- 5987 County Highway West in Manitowish Waters
- 3847 South Howell Avenue in Milwaukee
- 2001 South Webster Avenue in Allouez
- 717 Main Street in Menomonie
After those branches shutter, there will be 196 locations left.
If an Associated Bank location has closed near you, you can use its branch locator tool to find another one.
Also, customers can use the map to find ATMs.
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The U.S. Sun has reached out to Associated Bank for comment.
ANOTHER BANK CLOSING
Along with Associated Bank, others in the industry have seen less demand from customers in person.
For example, PNC Bank is planning on closing 127 branches after evaluating its business.
On August 19, 29 locations will close in several states including Maryland, Virginia, Florida, Alabama, and Indiana.
"We have grown our PNC branch footprint over the past five years – by building out new branches and through acquisitions – while total industry branches have declined," a spokesperson for the company told The U.S. Sun.
"At the same time, we also make decisions to close branches as customer needs evolve. As always, we will continue to invest in – and optimize – our branch network alongside our other core banking channels to serve our customers in the most effective way we can."
By 2026, PNC is planning to automate more than 1,000 of its branches.
In addition to banks, retailers with physical stores have also seen less demand with the emergence of online sales.
One example of this is the once-mighty Kmart, which will close its last New Jersey location in the fall.
CVS plans to shutter at least 300 stores per year through 2026.
And Christmas Tree Shops closed all of its remaining stores on Saturday after filing for bankruptcy this spring.
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