Santander to shutter 18 branches in US

GlobalData

Thu, May 8, 2025, 5:14 AM 1 min read

Banco Santander is acceptable to adjacent six branches successful Massachusetts and an further 12 locations crossed the Northeast US, arsenic elaborate successful caller national regulatory filings.

The affected Massachusetts branches are successful Boston, Middleton, Norwell, Salem, Woburn, and Worcester.

Furthermore, the slope has indicated closures successful Providence, Rhode Island, arsenic good arsenic successful Salem, New Hampshire, and 10 different sites successful New Jersey, New York City, and Pennsylvania.

This determination aligns with a broader inclination among fiscal institutions to trim carnal subdivision presence, arsenic much customers displacement to online banking services.

The Covid-19 pandemic has further accelerated this trend, starring Santander to adjacent respective twelve branches betwixt 2020 and 2023.

In a statement, the slope said: “Santander Bank continues to refine its subdivision footprint and retail presence, including introducing caller formats and investing successful integer capabilities to amended accommodate our customers and conscionable their evolving needs.”

In March, the slope besides announced plans to adjacent 95 branches successful the UK, with those closures scheduled for June.

In effect to changing lawsuit preferences, Santander has been expanding its integer services, including the instauration of Santander Financial Centres, which connection automated banking solutions with constricted assistance from staff.

The bank, headquartered successful Boston and portion of the Spanish fiscal radical Santander Group, presently operates 128 branches successful Massachusetts, according to information from 2024.

Additionally, Santander's US integer bank, Openbank, which launched successful October, has seen important growth, reaching $2bn successful deposits by February.

Recently, Banco Santander announced the selling of 49% of Santander Polska to Austria's Erste Group for €6.8bn ($7.7bn).

"Santander to shutter 18 branches successful US" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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