TCF National Bank’s plans to close 37 of its branches at Chicago-area Jewel-Osco will include at least six locations in Wheaton and the Tri-Cities area, Crain’s Chicago Business reports.
Crain’s says the move is one of the largest such local consolidations in recent memory and that Minnesota-based TCF intends to close the in-store locations by the end of March.
The publication quoted TCF Vice President Thomas Jasper as saying more branch consolidation may occur down the road its as customers migrate toward mobile applications and ATMs for to make basic transactions.
“Within all of TCF's branches, customer behavior is changing,” he told Crain’s. “Clearly, there are fewer visits in all of our branches than there used to be.”
The Wheaton and Tri-Cities area locations slates to close, according to Crain’s, include ones at Jewel-Osco stores at:
2031 Main St., Wheaton
119 Randall Road, Batavia
652 Kirk Road, St. Charles
375 Randall Road, South Elgin
177 E. Roosevelt Road, West Chicago
800 N. Main, Elburn
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