U.S. Bank to Close Branch in Algonquin

Written by Erika Hobbs

ALGONQUIN, IL — U.S. Bank is closing 21 locations across Chicago's suburbs, including a branch in Algonquin. Crain's Chicago Business reports that the Minneapolis-based bank is closing 13 percent of its branches here as it adapts to customer preference for online banking, and pulls back from saturating some area with its locations. The closings began last June.

The bank was slated to close the Algonquin location at 400 S. Randall Road, which is located within Meijer, on Thursday, June 6, while Cary's only U.S. Bank branch at 25 W. Main Street will close on June 13.

Other suburban closures will take place in: Alsip, Evergreen Park, Orland, Flossmoor, Oak Park, Plainfield, Park Ridge, Naperville, Evergreen Park, Berkeley, Downers Grove, Evanston, Roselle, Oak Lawn, Orland Park, Cicero and Lyons.

Suburbs that will be left without a branch are: Alsip, Berkeley, Cary, Flossmoor, Park Ridge, Roselle, and Lyons.

"Customers' banking behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity. As we evolve along with our customers, we are re-evaluating our physical footprint, and in some instances, consolidating a limited number of branch locations in select markets. The same process will result in reinvestment in core retail banking markets in the form of new, relocated or redesigned physical locations by the end of 2020," bank representatives said, according to Crain's.

The branches that will close, along with their final operating dates, are:

• 12960 S. State Route 59, Plainfield (Walmart branch), Jan. 11
• 118 Euclid Ave., Park Ridge, Feb. 15
• 270 Diehl Road, Naperville, Feb. 22
• 6020 W. Roosevelt Road, Oak Park, March 8
• 2743 Flossmoor Road, Flossmoor, March 22
• 4231 Joliet Ave., Lyons, May 14
• 11150 S. Western Ave., Chicago, May 15
• 2550 N. Clybourn Ave., Chicago (Jewel-Osco branch), May 16
• 3115 111th Street, Naperville (Caputo's Fresh Markets branch), May 21
• 2917 W. 95th Street, Evergreen Park, May 22
• 5401 Saint Charles Road, Berkeley, May 23
• 400 75th Street, Downers Grove, May 29
• 525 Main Street, Evanston, May 30
• 550 Lake Street, Roselle (Butera Market branch), June 4
• 400 S. Randall Road, Algonquin, June 6
• 10270 Central Ave., Oak Lawn, June 11
• 25 W. Main Street, Cary, June 13
• 11901 W. 143rd Street, Orland Park, June 18
• 5830 W. 35th Street, Cicero, June 20
• 12004 S. Pulaski Road, Alsip, June 25
• 2811 N. Narragansett Ave., Chicago, June 27

Read more via Crain's Chicago Business