The $19.2 billion-asset company said
in a press release Friday that will shutter locations in Reading, Langhorne,
Newtown Square and Wayne. Accounts will be transferred to other branches.
The closings are expected to take place in late October and early
November.
Customers has been
focusing on opening commercial lending offices in other markets, along with
investments in blockchain-related products.
“The truth of the matter is more and more clients have moved to
mobile and online banking making physical branches less necessary and more
expensive,” Sam Sidhu, Customers’ president and CEO, said in the release.
"This consolidation provides wider services to a greater number
of clients both on a local and on a national basis,” Sidhu added.
Customers’ employees
displaced by the closings will have the ability to post for open positions during
this transition.
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