Webster Bank will shut down eight branches across four US states as more customers adopt electronic banking channels.
The move is part of Webster’s long-term banking centre optimisation program that started in 2011, and will take place in areas with a high density of Webster banking centres.
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The branches to be shuttered are located in Connecticut, Rhode Island, Massachusetts and New York. The closures will begin in early April and be concluded by the end of May.
The branch closures will result in layoff of 28 employees, including 14 in Connecticut where the bank will close three branches.
The company said that affected staff will get a chance to apply for other jobs within the company.
Webster executive vice president for consumer deposits and investments David Miree said: "We continue to evaluate our network to ensure that our banking centers efficiently balance our physical and digital banking channels in response to rapidly changing customer expectations.
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By GlobalData“At the same time, we concurrently invest in high-opportunity markets and modernize the overall banking experience.”
