Big moves from Huntington Bank recently, as they made largely what is a consolidation effort towards closing 38 Huntington Bank branch locations and 7 drive-thru locations throughout eight states reigning in Ohio, Michigan, Pennsylvania, West Virginia, Indiana, Illinois and Wisconsin and Kentucky.
Huntington Executive Vice President and Director of Branch Banking John Greenwood briefly stated that “The main components that we looked at in this decision were customer traffic patterns, transaction trends, and proximately to a nearby branch.” This brings us to an almost necessary means as the growing populous prefer online and mobile banking. Being able to move with the tides will better able Huntington to to bank more efficiently in every financial aspect.
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Wells Fargo Bank Closes 450 Branches By End of 2018:
I want to reiterate that the key factors leading to those branches within those eight states closing is because of customer traffic patterns, transaction trends, and proximity to a nearby branch. The third option, manifestly, plays the biggest role in deciding whether or not closing the set branch was necessary.
If you have an adjacent branch that is even 1.7 miles away from another branch, it’s almost a certainty that one of the branches would receive it’s closure and that’s exactly what happened to the Huntington Bank location on Lafeyette, Ohio, said to be a building that has been in operation for 114 years; tending to Huntington Bank for 20 years.
So yes, there is some history that resides in a good sum of these locations. Considering that you can always count on banking at any Huntington Bank branch that is convenient for you, Huntington Bankers will continually strive towards supporting you and providing you with the exceptional personalized services that they’ve been providing for over 10 decades now.
It is currently to my understanding that this move isn’t because of Huntington’s $3.4 billion acquisition last year of Akron-based FirstMerit considering that Huntington has already closed 103 Huntington and FirstMerit offices last year as part of that deal.
Huntington has offered all employees of closing locations another employment opportunity within another Huntington Branch closest to the closed branch location. “We’re hoping to transition them with little difficulty,” as Mr.Greenwood makes his finishing statement. Hopefully, this will provide the amount of sustainability needed for Huntington
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Conclusion:
Huntington Bank announces closure on 38 Bank locations, 7 of them with drive-thru banking capabilities. These moves can closely be attributed from what Mr.Greenwood, Huntington Executive Vice President and Director of Branch Banking, says to be “customer traffic patterns, transaction trends, and proximity to a nearby branch.” This is widely a good move from Huntington Bank in order to provide for the fast-pacing banking industry. Moreover, Huntington will continually review and “fine-tune” their distribution network, making the necessary adjustments suitable towards their customers in order to provide greater services and convenience. As always, be sure to check out our full compiled list of Huntington Bank Promotions as well as our Credit Card Promotions.
