BB&T shuttered five local branches in May, two more to close this fallBank looks to close up to 170 branches this year
As more and more banking moves online, BB&T Bank closed five Central Pennsylvania branches in May and plans to close two more in November, according to a spokesman for the North Carolina-based bank.
The closings are part of a wider effort by BB&T to shut dozens of branches this year in the 16 states where it operates.
Some of the local branch closings have been previously reported, such as one at 2343 Oregon Pike in Manheim Township. The office closed May 11, but was leased to Codorus Valley Bancorp Inc., the York Township-based parent of PeoplesBank.
The Business Journal also had reported earlier on the May 11 closure of a branch near Chambersburg, at 4136 Lincoln Way West in St. Thomas Township, Franklin County.
A third branch also closed on May 11, at 92 Doe Run Road in Penn Township, Lancaster County, according to BB&T spokesman David White.
They were followed a week later by branch closings at 2900 Whiteford Road, across from the York Galleria in Springettsbury Township, and at 57 Main St. in Glen Rock.
Slated for closure on Nov. 11 are branches at:
- 1154 River Road, East Donegal Township, Lancaster County
- 7357 Anthony Highway, Quincy Township, Franklin County
"More and more, our clients are choosing to conduct their banking business digitally both here at BB&T and in the financial industry as a whole," White said in an email. "While branches are still an important part of BB&T’s business model, we’re constantly evaluating all of our locations in terms of client-use patterns and convenience within the markets we serve."
The closed branches are within a 10-minute drive of BB&T branches that remain open, White added. No layoffs are expected, with affected staff moving to the nearby branches.
Based in Winston-Salem, North Carolina, BB&T has 1,967 branches in 16 states, with Pennsylvania home to 232, according to a recent bank filing with the U.S. Securities and Exchange Commission.
The bank operates 69 branches in its Central Pennsylvania region, which covers Adams, Bedford, Cumberland, Dauphin, Franklin, Fulton, Lancaster, Lebanon and York counties.
In the filing, the bank added that it expects to close 160 to 170 branches overall in 2018 after closing 148 in 2017.
BB&T closed a dozen Pennsylvania branches in May, according to data from the North Carolina Office of the Commissioner of Banks, which regulates BB&T.
For each branch it has closed or plans to close, BB&T named what it termed a receiving branch. In most cases, the receiving branch held more deposits than the branch being closed.
Here is a list of the closing branches and receiving branches in Central Pennsylvania, as well as their total deposits as of June 30, 2017. Deposit totals (in parentheses) come from the Federal Deposit Insurance Corp.
- 2343 Oregon Pike ($26.1 million) to 1676 Oregon Pike ($86.2 million); both in Manheim Township
- 92 Doe Run Road, Penn Township ($29.9 million) to 2 Market Square, Manheim ($65.2 million)
- 1154 River Road, East Donegal Township ($35.4 million) to 325 Locust Street, Columbia ($39.6 million)
- 2900 Whiteford Road ($24.5 million) to 2508 Eastern Blvd. ($37.5 million), both in Springettsbury Township
- 57 Main St., Glen Rock ($33.9 million) to 16576 Susquehanna Trail S., Shrewsbury Township ($69.6 million)
- 4136 Lincoln Way West, St. Thomas Township ($36.7 million) to 801 Norland Ave., Chambersburg ($93.3 million)
- 7357 Anthony Highway, Quincy Township, ($32.1 million) to 232 E. Main St., Waynesboro (which was recently converted from a drive-through to a full-service branch, White said)