With about 75 bank branches closed or headed for closure nationwide, Fifth Third Bancorp is now more than halfway through its previously announced goal to close a total 105 locations by the end of June 2016, according to company spokesman Larry Magnesen.
The list includes 17 branches already closed in October in the Chicago area and in Florida, Magnesen said.
Plus, a total 24 branches have closed so far in November, including two Butler County offices in Oxford on North Poplar Street and West Chester Twp. on Tylersville Square Drive, he said. The other locations making up the 24 closed were outside of the Cincinnati-Dayton market, he said.
Also, Fifth Third announced already it reached agreements to sell retail operations in the St. Louis and Pittsburgh regions, although those deals won’t likely close and transfer until next year, he said.
Plans announced by Fifth Third earlier this summer would see the closure of 100 branches or so due largely to the faster-than-anticipated growth of mobile banking. Closures are being evaluated across the company’s 12-state footprint, according to the company.
Cincinnati-based Fifth Third is the second largest bank in Ohio based on deposits held, according to the Federal Deposit Insurance Corp.
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