A major bank has announced plans to shut down six locations, five of which are in the same state. Associated Bank has over 200 branches across Wisconsin, Illinois, and Minnesota.
The Green Bay-based company informed customers that six locations will close on November 17. Bank customers were notified of the closure earlier this month, and the company told affected employees it would help them find new roles at nearby locations.
All of the closing locations are consolidating with nearby offices. The closing locations are:
3847 S. Howell Ave., Milwaukee (consolidating with an office at 3719 S. Kinnickinnic Ave., St. Francis)
2815 S. Chicago Ave., South Milwaukee (consolidating with an office at 7940 S. Sixth St., Oak Creek)
2001 S. Webster Ave., Allouez (consolidating with an office at 206 N. Wisconsin St., De Pere)
717 Main St., Menomonie (consolidating with an office at 319 E. Grand Ave., Eau Claire)
5987 County Highway W, Manitowish Waters (consolidating with an office at 5453 Park St., Boulder Junction)
300 N. LaSalle Drive, Chicago (consolidating with an office at 525 W. Monroe St., Chicago)
In a statement, the bank attributed the closing to an industrywide trend as a result of less walk-in traffic and consumers opting for digital banking.
Over the last three years, 30 branches have closed, the Milwaukee Business Journal reports. After this round of closures, there will only be 196 branches left.
Even larger banks like Wells Fargo have been facing closures. Most recently, it was announced a branch in Allentown, Pennsylvania, will shutter on November 1.
“Branches continue to play an important role in the way we serve our customers, and we continuously evaluate our branch network in light of changing customer needs, the increase in the use of digital banking, and market factors,” said executives in a statement. In total, 37 branches across 16 states will close.
