Bank closing 31 branches
Citing the “evolving needs” of customers, a Midwest bank that serves West Michigan is closing 31 branches across the state.
Columbus, Ohio-based Huntington National Bank said this week it plans to consolidate its footprint, closing 70 total branches in various markets early next year.
The bank did not disclose how many West Michigan branches will be closing.
“Huntington regularly reviews its distribution network to ensure our mix of branches, ATMs and online and mobile banking meets our customers’ evolving needs,” said Emily Smith, VP of media relations, Huntington.
“In making these adjustments, branches were reviewed for customer traffic patterns, transaction trends and proximity to nearby Huntington branch locations. Many of these branches have an existing Huntington branch in close proximity that can support customers of the consolidating offices. Customers will receive additional follow-up information regarding next steps with the safety deposit boxes.”
Smith did not disclose how many West Michigan employees would be affected, but she said the bank’s goal is “to place our branch colleagues in other roles, where they can continue their career with Huntington.”
She said after the consolidations, Huntington will have 273 Michigan branches.
“Our priority is to help our customers’ transition to a new location and to offer more extensive digital and mobile capabilities to meet changing customer channel preferences,” Smith said.
“Savings from the branch consolidation will be substantially re-invested in these increasingly used channels.”
In July, Huntington reported net income of $355 million for the second quarter of 2018, an increase of 31 percent from the year-ago quarter.
The bank reported 2017 full-year net income of $1.2 billion, an increase of 67 percent from the prior year.
Founded in 1866, Huntington National Bank — a subsidiary of Huntington Bancshares, Inc. — has $105 billion in assets and a network of 968 branches and 1,831 ATMs across eight Midwest states.