Business & Tech
First Niagara Bank to Cut Jobs
There are three First Niagara locations in the Plymouth-Whitemarsh area.
First Niagara Bank said this week it is cutting up to 170 administrative positions in its 420 branches across the bank's four-state operation.
A press release — posted on the company's website Wednesday — does not specify at which branches the jobs will be cut. The parent company, First Niagara Financial Group Inc., is based in Buffalo, N.Y.
"Technology is changing how people bank and we are committed to continue meeting our customers’ needs by evolving how we operate our branches and by further enhancing our online, mobile and telephone banking services," Mark Rendulic, First Niagara executive vice president, retail banking, said in the release. "Today, a majority of consumers prefer online, mobile and telephone banking for simple transactions or questions, and branches for more complex transactions. Customers can count on First Niagara to provide them with the ability to bank when, where and how they find most convenient."
Locally, First Niagara operates banks at:
- 101 West Ridge Pike, Conshohocken
- 1851 Bethlehem Pike, Flourtown
- 401 Plymouth Road, Plymouth Meeting
The release also says more than 140,000 users signed up for First Niagara’s mobile banking application (app) in its first year, more than 40 percent of the company’s approximately 1 million customers are online banking users, and the use of telephone banking services and ATM networks continues to grow.
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