Drop In Transaction Counts, Proximity A Factor In Closings
July 3, 2020
Community Bank announced that it has filed notice with its regulators of its plans to consolidate its Monessen branch office located at 565 Donner Avenue, Monessen, Pennsylvania, with its nearby Rostraver branch office located at 1670 Broad Avenue, Belle Vernon, Pennsylvania, and consolidate its Bethlehem branch office located at 1090 East Bethlehem Boulevard, Wheeling, West Virginia, with its nearby Woodsdale branch office located at 875 National Road, Wheeling, West Virginia.
The proposed consolidation date is Sept. 30, 2020. Following consolidation, the Monessen and Bethlehem locations will no longer operate as branch offices.
“The decision to consolidate our Monessen and Bethlehem branches followed a thorough review of our operations and is based primarily on the close proximity to other Community Bank branches,” said Barron P. McCune, Jr., president and CEO of the bank. “Transaction counts in all branches are declining, especially in light of measures taken due to COVID-19. Over the years, we have offered some of the best on-line and mobile banking services available to consumers today and customers have responded by using them more and more each day.
“The added convenience and ease of transacting business without needing to come into a branch has become so popular with customers that it has reduced usage of some branch locations. Monessen has been temporarily closed since mid-May due to the pandemic and limitations with the facility in a socially distant environment. All employees will be retained and relocated to one of our other locations.”
CB Financial Services Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates 16 offices in Greene, Allegheny, Washington, Fayette, and Westmoreland counties in southwestern Pennsylvania, seven offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and one office in Belmont County in Ohio.
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