THE AMERICA ONE NEWS
Jun 1, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
Boston Herald
Boston Herald
25 Apr 2023
Lance Reynolds


NextImg:Santander Bank to close 19 branches in Massachusetts, online banking a factor in the decision

As more people shift to handling their finances online, an increasing number of banks are doing away with their brick-and-mortar branches, including one that just announced it’s shuttering 19 branches in the state.

Boston-based Santander Bank company alerted the Treasury Department last week about its plans to close 19 branches across Massachusetts in the coming months.

“Like many industries, our customers’ preferences have changed, with more customers choosing to bank with us online,” the company said in a statement. “Therefore, we are reimagining the customer and employee experience by simplifying our processes, refining our branch footprint, and increasing our investment in digital capabilities to align with the evolving needs of our customers.”

Boston will be seeing the most number of Santander branches close, with seven shutting their doors. The closures will take place in late July and early August. Affected locations include 585 Columbia Road in Dorchester; 67 Beacon St. on Beacon Hill; 31 St. James Ave. in the Back Bay; 6 Francis St. in Brigham Circle; 287 Hanover St. in the North End; 521 Tremont St. in the South End; and 176 Federal St. in Downtown.

Also closing are branches in Ayer, Bedford, Braintree, Chestnut Hill, Dracut, Holliston, Lawrence, Marlboro, Needham and Weston.

Customers at these locations have received notices in the mail with area branches that will act as “receivers.”

This is not the first time Santander has shut down some of its branches in the Bay State, which has 165 locations currently, according to the company. Figures from the Federal Deposit Insurance Corp. indicate that the bank has shut down 36 locations in the state since the COVID-19 pandemic.

Santander has recorded the third most branch closures in the state during that time, with Bank of America leading at 41 and Citizens Bank in second at 39, according to the Boston Business Journal, citing data from the FDIC.

“Our employees are valued by customers and the Bank alike,” Santander said, “and we are working wherever possible to connect employees impacted by the consolidations with new roles through our talent tools and focused career sessions.”