CHASE Bank has announced that it will close another branch in November.
The closure of this location will affect one type of customer more than others.
According to Business Den, Chase will close another store, this time in Denver, Colorado.
The outlet reports that the banking giant has told federal regulators that it intends to close the site in November.
This branch is near the University of Denver and has served many students over the years.
The closure is therefore likely to affect a disproportionate number of students.
A Chase spokesperson told The US Sun, “Sometimes we move a branch to a new location because of low foot traffic, branch overlaps, or because many customers are turning to digital channels for their day-to-day banking.”
However, recent Google reviews indicate that customers found the branch to be understaffed.
“The service isn’t great,” wrote one.
“Understaffed and asking me to make an appointment with a banker.”
“There are no cashiers, no private bankers and they can’t really help you with almost anything,” added a second.
Chase customers in Denver who need a new location will find the nearest location just under 2 miles away.
The city remains with a total of 19 Chase locations.
Earlier this year, Chase closed three more stores in New York and New Jersey.
Holding company JPMorgan Chase has also announced plans to close 21 branches of First Republic Bank by the end of the year.
Meanwhile, competitors have similar plans.
Wells Fargo is conducting massive waves of store closures, with 37 already closing in 2023.
“This is not an easy decision, nor is it one we take lightly,” a company spokesman told The US Sun in a statement regarding the pending closing of a Pennsylvania facility.
Meanwhile, a Bank of America executive says the chain plans to open new branches despite recent mass shutdowns.
And PNC closed a total of 47 stores in 15 states in June.