Truist Bank To Close 8 Georgia Branches March 2024; Exact Locations Not Disclosed

According to officials this week, Truist Bank is closing a large number of branches, including eight in Georgia.

Six of the locations in metro Atlanta, one in Macon, and one in Dalton will close in March, according to the officials. The financial behemoth based in Charlotte indicated earlier that it plans to implement significant cost-cutting measures. The company made this announcement earlier this year.

Thousands of customers will be impacted by the closures since they would have to travel an average of two or three kilometers to the closest Truist store.

According to bank spokesman Brian Davis, customers of those eight branches have already been informed.

It is claimed that Truist makes over $32 billion in sales annually. Over the next few years, the bank hopes to cut expenses by roughly $750 million.

However, the bank still intends to close roughly 4% of its 1,900 locations. The bank employs over 7,000 people in Georgia.

The fate of the employees is not clear as the bank had not issued the WARN notice.

According to federal law, a business closing a site where 50 or more employees are being laid off is required to notify the state. Following the March shutdown, about 200 branches will still be open throughout the state.