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In a bid to adapt to changing consumer banking habits, Santander Bank plans to shutter four branches in New Jersey this summer.

The Boston-based financial institution expects to close the following sites between in July and August:

• Hoboken, 214 Washington St.
• Newark, 873 Broad St.
• Pennington, 2583 Pennington Road
• Wharton, 40 S. Main St.

Following the closures, Santander Bank will still have more than 200 locations across the state.

The bank will also shut the doors of 14 other branches across New York and Pennsylvania, according to USA Today, which was the first to report the closures.

“Santander Bank continues to refine its branch footprint and retail presence, including introducing new formats and investing in digital capabilities to better accommodate our customers and meet their evolving needs,” a spokesperson for Santander Bank told NJBIZ.

More branch closures

Considered one of the largest retail and commercial banks in the U.S., Santander Bank operates almost 400 locations nationwide and serves over 1.8 million customers. A subsidiary of Banco Santander S.A., Santander Bank has over $102 billion in total assets.

It’s not the only bank shrinking its physical presence in New Jersey this summer.

Cherry Hill-headquartered TD Bank closed six branches earlier this month as part of a strategy to reinvest in stores, expand ATM networks and make further improvements to digital and mobile platforms.

Overall, the number of bank branch closures in the U.S. ticked upward during the first quarter of 2025 to 148, according to S&P Global. The trend was partially driven by actions by two of the country’s largest banks, U.S. Bank and Wells Fargo, the analysis said.

Editor’s note: This story was updated at 3:51 p.m. EST June 20, 2025, after a Santander Bank spokesperson confirmed the USA Today report with NJBIZ.