Banco Santander is selling seven branches in Pennsylvania to focus on digital banking

From Yahoo Finance: 2025-06-28 12:39:00

Banco Santander, S.A. (NYSE:SAN) is divesting seven branches in Pennsylvania to focus on digital banking, aiming to refine its physical footprint while enhancing digital operations nationwide. The move comes as Santander Bank’s US subsidiary continues to grow its digital operations under the Openbank division, attracting over $4 billion in deposits and serving more than 100,000 customers. The sale of branches to Community Bank N.A. underscores Santander’s commitment to providing quality service to customers through digital channels.

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Read more at Yahoo Finance: Banco Santander’s (SAN) US Unit Divesting Seven Branches to Focus on Digital Banking