Union Bank is set to shut down its three North Olympic Peninsula branches as part of a move to close 20 locations in the state of Washington, US.
Commenting on the move, bank’s spokesperson Alan Gulick said "Before deciding to close a branch, we carefully consider market and economic factors and the changing preferences of customers. In order to remain competitive in a tough environment, we made the difficult decision to close our branches on the Peninsula."
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The lender will start closing its Port Angeles, Port Townsend, Sequim and Poulsbo branches on February 20, and eventually shut down branches in Bremerton, Silverdale and Gig Harbor on February 27.
The Bainbridge Island branch will remain open.
According to Gulick, the bank customers have already been notified about the closures, and that they can continue their accounts online even after the closure of the branches.
Customers do not need to take any action and can continue to use their existing checks, deposit slips and payment coupons, Gulick added.
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By GlobalDataThe employees of the closed branches will be eligible to participate in the bank’s Separation Pay Program, which includes career transition assistance through a national provider.
