Rhode Island
Citizens Bank to close 15 locations, including one in Rhode Island
Biden applauds lower rates, says he never spoke with Fed chairman
President Joe Biden called the Federal Reserve’s decision to lower interest rats “good news” and says he never spoke to the Fed chairman as president.
Citizens Bank is closing 15 branches across their footprint, including one in Rhode Island.
“We’ve been on a journey at Citizens to evolve how our customers bank with us, and we continually review customer patterns to evolve and adjust branch strategy across our network,” Citizens Bank said in an emailed statement.
This round of closures follows a trend of branch closures by banking groups, like the seven branch closures by TD Bank in July.
“Pertaining to these closures, we look forward to continuing to serve customers through neighboring branches, as well as through our online and mobile banking platforms,” Citizens said in the statement.
What Citizens Bank is closing a branch in Rhode Island
Citizens is closing one branch in Rhode Island, the Rumford location at 275 Newport Ave.
The spokesperson also said that this branch, and the other 14 branches, will close in January 2025.
“We also remain committed our branch network, with plans to add standalone branches over the next several years, in addition to continuing our investment in digital and mobile capabilities,” Citizens said in the statement.
After this closure, Citizens will have 51 branches in the Rhode Island, according to their website.
Rin Velasco is a trending reporter. She can be reached at rvelasco@gannett.com.