Thursday, June 13, 2024
HomenewsLarge Regional Bank to Close 4 Philadelphia-Area and 4 New Jersey Branches

Large Regional Bank to Close 4 Philadelphia-Area and 4 New Jersey Branches

According to the Philadelphia Business Journal, Santander Bank’s parent company has filed to close thirteen locations, including four in and around Philadelphia, four in Central Pennsylvania, and four in New Jersey.

The Philadelphia Business Journal reports these Philadelphia-area branches are scheduled to close,

  • City Ave., Wynnefield/Philadelphia
  • E. Erie Ave., North Philadelphia
  • Woodland Ave., Southwest Philadelphia
  • Lancaster Ave., Devon, P

Meanwhile, NJ.com says these Garden State locations will be closing

  • Berlin Rd., Clementon
  • Nottingham Way, Hamilton
  • Nassau St., Princeton
  • Rt. 33, Robbinsville

These sites represent a minute fraction of the almost 500 branches maintained by Santander Bank in the northeastern United States and Florida.

Santander Bank was founded in 1902 as Sovereign Bank in Wyomissing, Pennsylvania, according to Wikipedia. Beginning in the 1980s, Sovereign expanded dramatically. In 2006, Banco Santander began purchasing pieces of Sovereign, and by 2009, the company was under its complete ownership. In 2013, Sovereign changed its name to Santander.

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