The Citibank, formerly located at 8500 Germantown Ave., closed down for good over the weekend. by Kevin Dicciani The Citibank at 8500 Germantown Avenue vanished over night. Well, not really. The …
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active subscription, then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
If you are a current print subscriber, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
by Kevin Dicciani
The Citibank at 8500 Germantown Avenue vanished over night. Well, not really.
The bank's disappearance over the weekend is due to the larger restructuring of Citigroup, which announced on Dec. 5 that it would be closing 13 of its 21 Philadelphia area branches, along with others in Boston and North Jersey, and laying off 11,000 people.
Spending as much as $4 million per office, Citigroup planned the move as more and more people are banking digitally. The company has made an effort to open branches in well-traversed suburban areas with plentiful parking - so - one has to wonder if the never-ending parking fiasco in Chestnut Hill was a contributing factor in Citibank's departure.
For more information, check out this article in Philly.com.