Posts Tagged: Philadelphia

Amazon opens first Pennsylvania grocery store in Bucks County

Amazon Fresh Montgomery County Now Open

The first Amazon Fresh store in Pennsylvania has opened at the Creekview Center in Warrington as others are in the works for the region. The Bucks County store at 389 Easton Road totals 35,000 square feet and nearly backfills a 49,000-square-foot space vacated by Giant. Amazon.com Inc. declined to specify how many full and part-time… Read more »

Citizens shuttering 15 more branches, including three in Greater Philadelphia

In a July 29 filing with the Office of the Comptroller of the Currency, Providence, Rhode Island-based Citizens (NYSE: CFG) said it plans to shutter the following locations: 2001 Market St., Philadelphia 1313 Franklin Mills Circle, Philadelphia 131 Second St., Lewes, Delaware In addition, the filings said the bank plans to close five sites in… Read more »

After foreclosure, Montgomery Mall put up for sale

The Montgomery Mall, foreclosed upon and in receivership, has been put up for sale. The mall could sell for an estimated $50 million, according to various sources, which is a fraction of the $118 million judgment lodged against the property as a result of a loan default. The estimate is a reflection of an August 2020… Read more »

Santander plans to close 15 more Pennsylvania bank branches this year

Santander Bank said it plans to close 15 more Pennsylvania branches by the end of 2021. If those sites are all located in southeastern Pennsylvania, it could equate to shaving off as much as a quarter of its remaining locations in the Philadelphia region. “Like many industries, our customers’ preferences and behaviors are shifting,” Santander… Read more »

Citizens Bank closing 3 more Philadelphia-area branches

Citizens Bank has filed to close three more branches in the Philadelphia region as it continues to optimize its retail footprint and terminate relationships with local supermarkets. In a July 23 filing with the Office of the Comptroller of the Currency, Citizens said it will close the following locations: 314 Horsham Road in Horsham, inside… Read more »

Montgomery Mall Foreclosed Upon, $118M Judgment Issued

A bank has foreclosed on Montgomery Mall and a $118.78 million judgment has been rendered against the property’s owner, an entity affiliated with Simon Property Group, according to court documents. Wilmington Trust, as trustee for Wells Fargo Commercial Mortgage, filed in early June in the Montgomery County Court of Common Pleas to start foreclosure proceedings… Read more »

Santander to close 3 more Philadelphia-area bank branches

Santander Bank has filed to close three more Philadelphia-area branches as part of a broader focus on trimming its retail footprint. The Boston-based bank, a subsidiary of Spain’s Santander Group (NYSE: SAN), filed with the Office of the Comptroller of the Currency to shutter the following three sites on July 7: 95 S. Main St…. Read more »