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Published February 22. 2021 1:30AM
Luther Turmelle, New Haven Register
Connecticut is losing bank branches at a faster rate than the rest of the country.
And while customers are using online and mobile apps more and more to do their banking business, at least one industry analyst doesn t see physical locations disappearing entirely.
Over the last decade, the number of bank branches in the state has dropped by 201 locations, for an overall closure rate of 16 percent, according to John Carusone, president of the Bank Analysis Center, a Hartford-based industry consulting firm. The national closure rate over the same period was 6 percent, Carusone said.
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Next window, please: CT losing bank branches at more than twice the national rate
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A Webster Bank branch at 975 S. Main St. in Cheshire, Feb. 18, 2021. In late December 2020, Webster Bank announced it was closing 16 branches in the state, including offices in Cheshire, Bethany and Hamden.Peter Hvizdak / Hearst Connecticut Media
Connecticut is losing bank branches at a faster rate than the rest of the country.
And while customers are using online and mobile apps more and more to do their banking business, at least one industry analyst doesn’t see physical locations disappearing entirely.
Over the last decade, the number of bank branches in the state has dropped by 201 locations, for an overall closure rate of 16 percent, according to John Carusone, president of the Bank Analysis Center, a Hartford-based industry consulting firm. The national closure rate over the same period was 6 percent, Carusone said.
New-york
United-states
Old-saybrook
Connecticut
West-haven
Washington
North-haven
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John-carusone
Neil-hutchins
Webster Bank Closing Location In Hamden Patch 12/24/2020 Vincent Salzo © Shutterstock Webster Bank recently announced plans to close 27 locations, including 16 in Connecticut, next year.
HAMDEN, CT The Webster Bank at 5 Helen St. in Hamden will be among the 16 branches in Connecticut closing next year, officials recently announced.
Waterbury-based Webster Bank has announced it will close 27 locations, including 16 branches in Connecticut, The Hartford Courant recently reported. The move comes as the bank reports that more customers are choosing mobile and online services, especially since the COVID-19 pandemic struck in March.
The closings are expected to be this spring, but no specific date has been announced.
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