Quite a few branches were announced to close this past week in the Chicago district, which includes surround suburbs. Overall about 15 branches, or just over 10% of the market, are scheduled to close within the next month. All employees of those branches are “encouraged” to apply for any openings within US Bank. Support staff for the district has also been cut. Entire operations team has been fired, half of the performance consultants which are essentially sales managers and trainers and the number of districts has also been trimmed, eliminating district manager roles.
In the St Louis region the layoffs are happening. Big push for digital to "nudge" customers.