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suncrest bank

Suncrest Bank plans to close its main branch in Visalia. Suncrest Bank file photo

published on September 20, 2021 - 2:31 PM
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Editor’s note: A previous version of this story incorrectly stated that Suncrest Bank announced the closure of two of its branches. The “contemplated” closures were publicly noticed by Citizens Business Bank, pursuant to the Federal Deposit Insurance Act.
Three banks in Fresno and one in Visalia will soon be empty as brick-and-mortar financial institutions continue to shut their doors.
The proposed merger of Citizens Business Bank and Suncrest Bank “is contemplated” to result in the closure of Suncrest’s existing branch at 501 W. Main Street in Visalia, according to a public notice from Citizens Business Bank published by the Visalia Times Delta. The bank building is where Visalia’s popular Tazzaria has a coffee place. The branch would be consolidated with a Citizens Business Bank location down the block, according to the notice.
In Fresno, the Suncrest branch at 663 West Nees Ave. would be slated for closure following the merger, according to the notice.
Also noticed this past week, MFG Union Bank will close its location at 1069 E Champlain Drive, east of Woodward Park, according to the Office of the Controller.
Finally the JP Morgan Chase Bank at Herndon and Marks avenues in Fresno will close its branch according to a notice from regulators.
Banks have been permanently shutting down branches for years, but the pace of closures hit a record in 2020 with the pandemic accelerating the move to online banking.
Banks closed 3,324 branches in 2020, according to a list published by S&P Global Market Intelligence.

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