Citibank closing local branches
The nation’s No. 3 bank, Citibank, is closing nine Central California branches in the next few months as it seeks to concentrate its efforts in the large urban areas, reports the Visalia Times-Delta. The Paso Robles and Atascadero branch will close as part of the plan.
New York-based Citibank filed a report with the Comptroller of the Currency in early December announcing the impending closures of branches here and in Chowchilla, Madera, Kingsburg, Sanger, Visalia and Porterville, the report says.
In the Central Valley, Citibank will keep its Hanford, Reedley and Selma locations as well as a handful of offices in the Fresno-Clovis area, the report says.
Citigroup had 384 branches in California holding close to $48 billion in deposits as of June 30, according to the Federal Deposit Insurance Corp.