November 6, 2019

Bank branch closures: canary in the coalmine?

Do bank branch closures portend a downturn in the overall economy?

Zions Bancorporation recently announced that it would slash 500 jobs from its multistate region, even as it closes some branches. The bank operates Vectra Bank Colorado, which maintains locations in Boulder and Broomfield counties.

It’s just the latest in a string of such announcements from banks large and small:

• U.S. Bank announced plans in March to close five branches in the Boulder Valley and Northern Colorado, with another half dozen closing elsewhere in the state.

• National Bank Holdings Corp.…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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