Saturday, September 26, 2015

National Penn Branch Closings

"The combined company anticipates closing 25 BB&T and Penn National Bank branches to eliminate overlapping service areas."


My Comments About The Article Above
Before the merger as far as customers were concerned these weren't "overlapping service areas". I fail to see how this benefits either employees or previous neighborhood customers who may or may not have to drive or walk to other locations.

As a stakeholder in the former "Keystone Bank" I voted against the National Penn bank absorption. Fat lot of good that did. Now predictably this has happened.



Less jobs, less branches, less competition.
HOW'S THAT SUPPOSED TO BE A GOOD THING ?


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