New York-based Union Bank says it will close 20 of its 44 branches in Washington in February and March of next year. Six of those branches are in the South Sound.
The South Sound branches slated for closure are in University Place, Gig Harbor, Milton, Sumner, Puyallup and Kent. The bank’s downtown Tacoma branch will remain open. Other branches on the closure list are Port Angeles, Port Townsend, Poulsbo, Silverdale, Duvall, Everett, Lake Stevens, Snohomish, Arlington, Bellingham, Mount Vernon and Stanwood.
The bank said it was closing the 20 branches, all former Frontier Bank locations, to adjust to customer expectations and technology. Union Bank acquired Frontier Bank in 2010. It had earlier acquired Bank of California. Union Bank is part of the Mitsubishi UFJ Financial Group headquartered in Tokyo.
“Today, customers often look to technology for the convenience, ease of use and accessibility to do their banking,” said bank spokesman Alan Gulick. “We are adjusting to market conditions and customer preferences by being thoughtful about where we place our branches while also offering easy-to-use options through online and mobile services that we continue to enhance to meet more of our customer needs every day.”
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Employees working at those branches will be given the opportunity to apply for other jobs within the bank, said Gulick.
Customers will not have to make major changes to continue banking with Union, said the bank spokesman.
“At this time, customers do not need to take any action and can continue to use their existing checks, deposit slips and payment coupons. We will continue to offer a full range of financial services to all of our individual, commercial and business clients throughout the PNW, Gulick said.
“We will work hard during this transitional period to serve them with the same level of attention and care, and we will be discussing potential solutions with them that Union Bank can offer for their banking needs once their local branch has closed. As an example, our branch teams are available to walk customers through our convenient online and mobile banking services so they can know of the flexibility of banking with us from their personal computer or mobile device,” he said.