Anyone heard anything?
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You are incorrect. We are buying their buildings too.
The Union Bank is purchase did not include the physical UB real estate;
Being sold to ? All of them gone.
All of them
Just saw another list today. I’d say now that Union has been approved, look for them to come out every few weeks. Leased locations will close 30 days before lease expires for clean up or white box requirements. But yes, usually there is a 90 notice that is required for customers.
Any branches closing in January would already have to be notified. I believe a mandatory 90 day notice is required for customers.
Nothing public yet obviously but it is 100% guaranteed that there will be branch closures next year. If you are in a low producing community branch, have a better performing USB nearby yours or a Union branch close by you should have your resume updated and ready. It’s not a matter for if there will be branch closures, it’s a matter of when. If you are currently a CRC my suggestion is to apply to the Small Business Specialist roles since they cover a number of branches. The expectations are about to change under the fella that’s coming over from JP Morgan to lead branch banking.