U.S. Bank to close 13 offices after Charter One deal

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U.S. Bank plans to close 13 branch offices in the Chicago area after it completes its acquisition of Charter One’s Chicago operations.

The bank expects to close 10 Charter One offices and three U.S. Bank offices.

“As is the case with most acquisitions, the combination of our existing branch network with the Charter One branch network results in a small amount of overlap in a handful of communities,” U.S. Bank spokeswoman Nicole Garrison-Sprenger said Tuesday. “U.S. Bank will continue to maintain a strong presence these neighborhoods.”

The closed branches, in most cases, are within a mile of another U.S. Bank office. Employees who work with customers will be moved to other bank offices.

U.S. Bank will end up with 160 branches in the Chicago area, up from 78 before the acquisition.

Chicago-area Charter One branches sold to U.S. Bank

h/t chicagobusiness.com

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