Santander Bank, which has cut by more than half its branch footprint in Connecticut over the last decade, told a federal regulator that it plans to shutter a branch in New Haven.
The subsidiary of Spain-based Banco Santander has informed the federal Office of the Comptroller of the Currency that it plans to close a branch at 215 Grand Ave., in New Haven.
The branch held $15.4 million in deposits as of June 30, 2024, according to Federal Deposit Insurance Corp. data.
In addition, the bank has listed the 12,292-square-foot Grand Avenue property for sale for $2.5 million, according to listing site LoopNet.
The bank has another New Haven branch, at 123 Church St., according to the FDIC.
Santander Bank, with $101.7 billion in assets, had 15 branches and $1.85 billion in deposits in Connecticut as of June 30, 2024, FDIC data shows.
That’s down from 32 branches in the state a decade ago, as of June 30, 2014. The bank’s Connecticut deposits since 2014, however, are up from $1.44 billion, FDIC data shows.
Santander announced a West Hartford branch closure last year.
https://www.hartfordbusiness.com/article/international-bank-eyes-west-hartford-branch-closure
