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KeyBank plans to close branches in Middleport, Barker, Jamestown

KeyBank will close three branches in the region, effective Aug. 7.

The branches to be closed are: 49 Main St. in Middleport, 8683 Main St. in Barker and 202 N. Main St. in Jamestown. The Jamestown location will continue to have a teller-serviced drive-up and a drive-up ATM.

Therese Myers, a KeyBank spokeswoman, said the closings were a business decision based on customer traffic and “should in no way be perceived as a negative reflection on these communities or the performance of the employees Key has here.”

Myers said the bank is “focused on minimizing employee impact” and will work to place affected employees at locations where possible.

Banks across the country have been reducing the size of their branch networks as customers shift more of their banking activity to digital.

KeyBank bulked up its bank network in 2012 when it acquired 37 HSBC branches from First Niagara Financial Group, including 26 in Western New York; First Niagara had acquired HSBC’s upstate New York branch network but did not keep all of those locations. Since then, KeyBank has trimmed its local network to reduce overlap between its branches.

KeyBank said it will consolidate the Middleport and Barker branches into a branch in Medina.

For customers of the Barker branch, the Medina branch is about 11 miles away.

KeyBank ranked third in deposit market share in the region, behind M&T and First Niagara, according to the latest data available from the Federal Deposit Insurance Corp.

email: mglynn@buffnews.com