Banking & Finance, Real Estate, and Retail

Bank closes 37 in-store branches

January 26, 2015
TAGS Chase / Meijer
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Bank closes 37 in-store branches
Chase operates 5,100 bank branches in the U.S. Photo via wikimedia.org

A bank is closing 37 in-store branches as it ends a 10-year relationship with a retailer.

Chase and Meijer

As Chase and Grand Rapids-based Meijer near the end of their existing contract, the two organizations mutually agreed to terminate the partnership and this spring close Chase branches located inside Meijer stores across Michigan.

Chase entered into an agreement with Meijer in 2005.

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. in New York, a global financial services company with about $2.4 trillion in assets.

Branch consolidation

Christine Holevas, a spokesperson for JPMorgan Chase, said that circumstances have changed since the bank originally partnered with Meijer, and all employees of the closing locations have been offered an opportunity to serve at another Chase location.

“We continually review our branch network and decided to consolidate some of our in-store branches into full-service branches,” said Holevas in a written statement. “Meijer is a great Michigan brand. We have been proud to serve customers together.

“Our customers have helped us build the number-one deposit share in Michigan. We value that loyalty and look forward to serving them at one of our nearby Chase branches or Chase ATMs.”

Other bank partnership

Meijer and Huntington bank announced a 10-year in-store banking agreement on May 2, 2012, which gave the bank more than 200 full-service branch locations in Michigan to be installed over a period of several years.

The partnership also allowed Huntington to expand its footprint into new markets: Battle Creek, Cadillac, Lansing, Ann Arbor, Flint, Jackson and Gaylord.

West Michigan in-store branches closing

Grand Haven
Grand Rapids, Alpine Avenue
Grandville
Greenville
Ionia
Jenison
Lowell
Muskegon
Portage, Shaver Road
Portage, S. Westnedge Avenue
Wyoming

Other Michigan in-store branches closing

Ann Arbor, Jackson Road
Ann Arbor, Saline Road
Allen Park
Auburn Hills
Canton
Clinton Township
Davison
DeWitt
Fort Gratiot Township
Howell
Lapeer
Madison
Northville, Haggerty Road
Rochester Hills
Saginaw, Gratiot Road
Saginaw, Tittabawassee Road
Southgate
Sterling Heights
Taylor
Traverse City
Warren
Waterford, Highland Road
Westland
White Lake
Wixom
Woodhaven

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