Updated:
Original:

U.S. Bank closes 8 Minnesota branches permanently

The bank announced last month it would be accelerating its branch closures.
Author:

U.S. Bank has confirmed that eight of its branches in Minnesota that temporarily shut down at the onset of the pandemic have now closed permanently.

The bank made the closures official in a submission earlier this month to the Office of the Comptroller of the Currency (OCC), with customers having been informed in October.

The closed branches are:

  • 301 W. Burnsville Pkwy, Burnsville
  • 3M Center, St. Paul
  • 401 14th Ave SE, Dinkytown, Minneapolis
  • 2000 West Superior St., Duluth.
  • Inside Hennepin County Medical Center, Minneapolis
  • 177 St. Croix Trail S, Lakeland Shores
  • Inside Medtronic, Fridley
  • Inside Normandale Community College, Bloomington

Correction: An earlier version of this story stated that the Duluth branch at 130 W. Superior St. was closing. This was an error. U.S. Bank has put 130 W. Superior St. up for sale, but intends to sign a long-term lease with the new owners.

In a statement to BMTN, U.S. Bank confirmed the closures, saying that it had announced in October it would be accelerating its branch closures beyond the 15% it had announced in 2019.

That will mean a further 400 branches close, with the bank already having closed an estimated 300 branches in the past year.

It comes amid a major shift in consumer demand, with now 75% of all transactions and more than half of loans being taken out via the U.S. Bank website or its app, with COVID-19 having "sped up that transition the digital banking."

Sign up for our BREAKING NEWS newsletters

"About 18 months ago, we announced the branch transformation initiative aimed at better serving our customers in light of their evolving preferences," President and CEO Andy Cecere said October.

"At that time, we announced that we would close 10% to 15% of our branches by early 2021. To date, we have closed about 10%. We now plan to close an additional 15% by early 2021. The vast majority of these additional closures were branches that were impacted by COVID-19 and they will remain closed.

"While physical branches and personal interactions will always be important, we need fewer branches today than we did even a few years ago, and the branches of the future need to be more advice centers and locations where transactions take place.”

Next Up

Screen Shot 2021-10-24 at 10.11.36 AM

Search for Wisconsin woman whose vehicle was found near Hinckley

Ashley L. Miller, 33, was reported missing on Sep. 24 after her vehicle was found without her in it.

Dak Prescott

Report: Dak Prescott will be 'ready to go' for matchup with Vikings

The Dallas quarterback is expected to be available for next Sunday's showdown.

Eddie Rosario

Where Eddie Rosario's championship series heroics rank since 2000

The former Twin put together an all-timer to help the Braves reach the World Series.

plane, Piper PA-32

2 dead after plane crashes near residence in rural Wisconsin

The aircraft also struck the house during the crash.

Screen Shot 2021-10-23 at 9.38.43 PM

1 dead after van crashes and lands on Highway 100 in Brooklyn Center

Northbound Highway 100 was shut down following the crash Saturday night.

Jess Peterson

Woman killed in crash ID'd as 'bad ass biker chick' with 'giving spirit'

The 30-year-old died in a motorcycle crash on Oct. 19.

Karl-Anthony Towns

Timberwolves' defense fuels win over Pelicans

The Wolves' have bought in on the defensive end as part of a 2-0 start.

Minnesota Wild

Ryan Hartman's OT goal helps Wild stay undefeated

The Wild improved to 4-0 with a win over the Ducks.

Mar'Keise Irving / Gopher Football

Gophers pound Maryland to stay in Big Ten West race

Four different players scored a rushing touchdown in a 34-16 victory over Maryland.

Father Paul Kubista at St. Mary of Czestochowa

Controversy after Delano priest shares vaccine misinformation in church bulletin

Father Paul Kubista is pastor at St. Mary of Czestochowa Catholic Church.

Related

US Bank

Job cuts coming to U.S. Bank branches, offices

The Minneapolis-based bank is currently amidst a cull of its branches.

U.S. Bank to close hundreds of branches in the next 2 years

The Minnesota-based company is trimming its branches.

US Bank

U.S. Bank to review firing of 2 workers who broke rules to help customer

The Minneapolis-based bank was the subject of a scathing column in the New York Times.

Bremer bank

St. Paul's Bremer Bank could be sold amid internal split

The trust that controls it can't agree on a strategy with the bank's board.

Bonfire

All 5 Minnesota Bonfire restaurants close permanently

The restaurant industry has been closed to dine-in customers since mid-March.