Chase Bank Closing Branches
Contents
Chase Bank Branch Closures
Washington
26603 72nd Avenue NW, Suite A, Stanwood, Washington (March 15th)
Chicago
3856 W 26th Street, Chicago, Chicago, Cook (March 15th)
Colorado
2251 South Monaco Parkway, Suite 102, Denver, Colorado (March 7th)
Michigan
30730 Groesbeck Hwy., Roseville, Michigan (April 5th)
30730 Groesbeck Hwy., Roseville, Michigan (March 7th)
New York
42 Broadway, New York, New York (April 19th)
California
5060 Arlington Avenue, Riverside, California (March 7th)
6950 Sunrise Boulevard, Citrus Heights, California (March 7th)
7160 N. 1st Street, Fresno, California (March 14th)
1030 W Alameda Avenue, Suite D-13, Burbank, California (April 4th)
2201 Westwood Boulevard, Los Angeles, California (May 23rd)
Indiana
201 Main Street, Lafayette, Indiana (May 16th)
7001 Madison Avenue, Indianapolis, Indiana (March 15th)
Nevada
2865 E Charleston Boulevard, Las Vegas, Nevada (May 16th)
Oregon
10900 Se 21st Avenue, Milwaukie, Oregon (March 1st)
Florida
240 N. Washington Boulevard, Suite 100, Sarasota, Florida (March 22nd)
1319 State Road 7, North Lauderdale, Florida (March 7th)
Illinois
4200 Dempster Street, Skokie, Illinois (May 10th)
3101 West Cermak Road, Chicago, Illinois (March 15th)
50 Skokie Boulevard, Wilmette, Illinois (May 10th)
5200 Dempster Street, Skokie, Illinois (May 10th)
Why Are Bank Closing Branches
Now a days most of the people prefer to use online banking to which bank is now focusing on closing the bank which are less profitable. As most of the customer use online banking the need of physical branches has decreased. By closing non profitable or less profitable branches the bank can save money which can be used as investment for digital services and more technology.
Reasons For The Closing Of Bank Branches:
There are various reason behind the closing of several branches of Chase bank. The bank are closed to save the costing required for running the branches. There are various expenses for operating a bank branch like rent, utilities, salaries etc. Also now a days there is a rapid increase in online banking which has reduced the physical need of Banks. So the Bank branches which are under performing are not generating efficient profit are being Shut Down.
Impact On Customers
There are various issues that some customers may face due to the closure of physical branches. Like some elder people who are not so familiar with online banking and are not comfortable with all the modern technology may find it difficult for not having a nearby physical branch.
Adaptations And Alternatives
Due to the Closure of several Bank branches the Bank has adapted to change consumer behavior. Also they have an alternative as mobile banking where customers can manage and open their account online by using their mobile phones.
FAQs
1.Why is Bank closing so many branches?
Ans: Now a days most to the customers prefer online banking which has reduced the need of physical branches. So to save the money , reduce cost and invest in digital marketing the bank decided to close some of the branches.
2.How will elderly customers get impacted?
Ans: The elderly customers are not so familiar with the online banking. So they may face some difficulties because of bank closures. As elderly customers mostly rely on physical branches they may face various complications.
3.Despite bank closures can customers still open Bank accounts?
Ans: Yes, absolutely! The customers can still open their bank accounts through Chase Bank mobile App or also by using their smartphones.
4.Due to closures of Banks which states are being affected?
Ans: The States affected due to Bank closures are Michigan, Indiana, Illinois, Oregon, California, Washington, New York, Colorado, Nevada and Florida.