Santander to Close 18 Northeast Branches, Including 6 in Massachusetts
In a recent announcement, Santander Bank revealed plans to close 18 branches across the Northeast, impacting several key locations in Massachusetts and Rhode Island. The closures, reported to the Office of the Comptroller of the Currency, include six branches in Massachusetts—specifically in Salem, Woburn, Worcester, Middleton, Norwell, and Boston’s Seaport area. Notably, the Providence branch in Rhode Island, situated in the Federal Hill neighborhood, was previously the target of a dramatic late-night robbery, resulting in a loss of nearly half a million dollars.
In addition to the Massachusetts locations, Santander is shutting down branches in New Hampshire, Pennsylvania, New Jersey, and New York. A spokesperson for the bank emphasized that these closures are part of a strategy to optimize its branch network and enhance its digital services, stating that the bank is "investing in digital capabilities to better accommodate our customers and meet their evolving needs."
Santander currently operates 401 locations nationwide, with 127 branches in Massachusetts, 20 in Rhode Island, and 11 in New Hampshire. The bank, which acquired Boston-based Sovereign Bank in 2009, continues to adjust its operational footprint in response to shifting customer preferences and banking trends.
These closures highlight the growing trend among banks to adapt to an increasingly digital banking environment, as customers increasingly opt for online services over traditional brick-and-mortar banking.
For more information, contact Camilo Fonseca at camilo.fonseca@globe.com or follow him on X @fonseca_esq and Instagram @camilo_fonseca.reports.
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