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MUFG Union Bank in New York has promoted Mike Feldman to head of branch and private banking.
November 10 -
In-store branches are a good example of the quandaries in retail banking. BOK Financial calls them outdated and has decided to ditch them, but Huntington and Fifth Third say they are high-volume sources of new accounts.
November 17 -
BOK Financial in Tulsa, Okla., will close or relocate all of its branches inside grocery stores in New Mexico, Oklahoma and Texas in a move it says will reduce overhead by $7 million to $8 million a year.
November 12
MUFG Union Bank will close 20 branches of the former Frontier Bank in Washington state.
The New York company will close the offices in February and March, a company spokesman said. Union Bank is closing the branches as customers shift more transactions online and to mobile banking applications.
All the branches to be closed are located in the Puget Sound area. Union Bank, the U.S. banking unit of Tokyo-based Mitsubishi UFJ Financial Group, will continue to operate 24 branches in Washington state after the closings. The closings were first reported by the
The $111 billion-asset Union Bank
