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Banks can have many legitimate reasons to close a branch.
You might be considering a merger with another bank or the purchase of a branch. Business opportunities might be shrinking in a certain geographic area, or anticipated growth in another might not be materializing as anticipated. Competition may increase or decrease in a specific geographic area. Whatever your reasons behind considering whether to close a branch, you should assess several factors before you make a decision. In this article, we identify some of the issues that you should examine.