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Bank Branch Closures

Business
Route 20 Bank Branch Seeks Permission To Close/Consolidate Route 20 Bank Branch Seeks Permission To Close/Consolidate
Route 20 Bank Branch Seeks Permission To Close/Consolidate Berkshire Bank has started the process to close 16 regional branches -a a key part of the financial institution's plan to do more business online instead of in-person. Parent company Berkshire Hills Bancorp has petitioned the Massachusetts Division of Banks for permission to close a branch office at 2005 Boston Road (Route 20) in Wilbraham and to consolidate the closing office with an existing branch on Center Street in Ludlow, according to a recent public notice. Any objections to this plan must be made in writing to the Commissioner of Banks in Boston no later than two weeks from Dec. 24…

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by Kristin Palpini
Business
Bank Branches Are Pulling Out Of Stop & Shop Bank Branches Are Pulling Out Of Stop & Shop
Bank Branches Are Pulling Out Of Stop & Shop Citizens Bank is pulling out of dozens of Stop & Shops beginning in January. Among the branches being closed are 26 in Massachusetts and 14 in Rhode Island. The decision to close the branches was made due to people’s habits changing toward more online banking and the economic effects of the COVID-19 pandemic, according to the Boston Business Journal. Even though many branches inside Stop & Shop’s will close, there will still be 90 in-store branches available. There are 416 Stop & Shops in *New England, and New York. Citizens Bank has more than 1,200 locations. The St…

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by Kristin Palpini