Huntington Bank closing 11 Twin Cities branches inside Cub stores

Huntington Bank is closing 11 branches located inside Cub stores around the Twin Cities by early next year.

The branches, which will close Jan. 12, amount to 15% of the Ohio-based bank's 71 branches in Minnesota.

They are among 34 locations in several states that Huntington is planning to consolidate in the first few months of 2024. Huntington has more than 1,000 branches in 11 states.

The in-store branches tend to be smaller than standalone branches and largely were set up to help customers make withdrawals and deposit paychecks. These days, customers have shifted to doing more of their day-to-day banking online or through ATMs.

At the same time, some banks have prioritized their full-service branches that also offer a broader set of services such as mortgage and business banking.

"We regularly review our distribution network ... to meet our customers' evolving needs," said Kris Dahl, a Huntington spokesperson, in a statement. "We make every effort to place colleagues in comparable roles so they can continue to be a part of Huntington, serving the communities they know."

When Ohio-based Huntington merged with TCF Financial in 2021, it had 79 branches in Minnesota that were rebranded to the Huntington name, along with the University of Minnesota football stadium. Including this latest round of closures, Huntington will have reduced its number of branches in the state by nearly 25% since the merger.

After U.S. Bank and Wells Fargo, Huntington is still the third-largest bank in the Twin Cities when measured by number of branches and the fourth-largest when measured by deposit share.

Huntington is not closing all of its Cub store locations. About 13 will remain open.

The branches to close are in Minneapolis (5937 Nicollet Ave. S.), Blaine (12595 Central Ave NE), Bloomington, Burnsville, Coon Rapids, Eagan, Inver Grove Heights, Maplewood, West St. Paul and White Bear Lake.