Santander Bank has filed to close 13 Pennsylvania branches, including two in Philadelphia’s western suburbs, writes Jeff Blumenthal for Philadelphia Business Journal.
Slated to close locally is the branch at 130 S. State Road in Springfield.
Other branches are closing in Bethlehem, Allentown, Douglassville, Elizabethtown, Manchester, Northampton, Orwigsburg, Harrisburg, Red Lion and Tamaqua.
It was announced in July that 15 more branches in Pennsylvania would close by the end of the year, but specific locations weren’t specified by the Boston-based subsidiary of Spain’s Santander Group.
Santander is the seventh-largest deposit taker in the region.
Those latest announced closures give Santander a total of 60 Philadelphia-area branches — 54 in southeastern Pennsylvania, five in South Jersey and one in Delaware.
The bank had 80 locations when Santander acquired Sovereign Bank in October 2008 for $1.9 billion.
Banks are reevaluating retail service since the pandemic accelerated online and mobile banking.
It has branches in the tri-state area as well as New York, four states in New England and one in Florida. It is introducing a new online deposit platform to attract customers outside the East Coast.
Santander has $89 billion in assets.
Read more at Philadelphia Business Journal about the closing of Santander branches.
CFO Jose Garcia Cantera discuses first-quarter results for Santander as well as recovery from the pandemic.
