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U.S. Bank to close 300+ branches

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Corridor Business Journal: U.S. Bank will close more than 300 branches over the next two years as it adapts to the changing ways that people get financial services, reports the Star-Tribune. The nation’s fifth-largest bank emerged late last year from regulatory constraints that had prevented it from making changes to its 3,000 branches. CEO Andy Cecere told analysts the Minneapolis-based bank would also open some new branches and remodel many others. U.S. Bank reported more than 30% of its loan sales were from digital tools for the three months ending in February, showing less reliance on brick-and-mortar locations, reports 9News.com. Digital sales increased more than 25% from the same period a year ago.