DETROIT, Mich. (WOOD) — Several West Michigan bank branches are closing as Comerica Bank cuts its budget, affecting more than 200 employees nationwide.
The company announced it would be making the cuts in July, but recently released which branches would be affected.
A Comerica executive confirmed the cuts were partially based on a changing industry in which more customers are turning to digital and mobile applications to do their banking instead of brick and mortar banks.
Nearly half of the 38 branch consolidations will happen in Michigan, where Comerica Bank was founded. The April 2017 closures include the following West Michigan locations:
- 1835 Breton Road SE, Grand Rapids
- 2500 Alpine Ave. NW, Walker
- 1535 West Michigan Ave., Battle Creek
- 4555 Dowling Street, Montague
The remaining Michigan branches facing consolidation include:
- 13650 Michigan Ave., Dearborn | Closing November 2016
- 22000 Northwestern Highway, Southfield | Closing November 2016
- 24525 Plymouth Road, Redford Township | Closing November 2016
- 23208 Van Dyke Ave., Warren | Closing November 2016
- 370 Ross Street, Beaverton | Closing April 2017
- 2005 S Jackson Road, Jackson | Closing April 2017
- 901 S. Creyts Road, Lansing | Closing April 2017
- 401 S Saginaw Road, Midland | Closing April 2017
- 39400 Woodward Ave., Bloomfield Hills | Closing May 2017
- Canton Mart, Canton | Closing May 2017
- 39200 Hayes Road, Clinton Township | Closing May 2017
- 44560 Ann Arbor Road, Plymouth | Closing May 2017
Comerica expects the cuts will save it $10 million to $13 million each year.
The company says workers impacted by the cuts will have an opportunity to apply for other positions at the bank, or they can accept a severance package and job search assistance.