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Last week, Fast Company reported that regional banking giant TD Bank is planning to close more than 50 U.S. locations by the end of January. But TD Bank isnt the only regional bank closing branches. In October, Citizens Bank disclosed that at least 14 branches throughout the United States will shutter, according to public filings. Heres what to know and where they are located. Why is Citizens Bank closing branches? Reached for comment by Fast Company, a Citizens Bank spokesperson said that its retail footprint is constantly changing along with people’s banking habits. “We regularly review customer banking patterns and make thoughtful adjustments, opening new locations, modernizing existing branches, and consolidating where usage has shifted, to meet customers needs in the most effective way,” the spokesperson said in a statement. “As part of this ongoing process, we will be closing select locations in early 2026.” The bank says customers in each of the affected markets will continue to have additional choices, such as “nearby branches, as well as our robust online mobile banking platforms.” It further said that its retail operations have grown 14% since 2020. For several years now, national and regional banking chains have been reevaluating, and in many cases scaling back, their physical footprints for multiple reasons. These reasons include falling foot traffic to branch locations as customers increasingly shift to online banking and mobile apps. As foot traffic falls, those branches tend to generate fewer new customers, so banks stand to make a lower return on the investment in running those physical locations. According to Citizens Banks website, the bank had 1,000 branches and 3,100 ATMs as of June 30 of this year. (For context, its parent company said it had “more than 1,100 locations” in an earnings report two years earlier.) In July, Citizens Bank announced a slew of new features to bolster its mobile offerings, including a refreshed direct deposit experience and the ability to update payment methods for online retailers and subscriptions. The company also maintains a dedicated web page titled Citizens Bank Branch Closures, which appears designed to give customers information on digital methods they can use if their local branch has closed. However, the page does not yet list the closures planned for 2026. How many locations are closing? Citizens Bank operates branches in 14 states and the District of Columbia. The 14 closures disclosed in two recent filings will impact branches in half of those states: Ohio (5 closures) Massachusetts (2 closures) New Hampshire (2 closures) New York (2 closures) Michigan (1 closure) Pennsylvania (1 closure) Vermont (1 closure) The company did not say if additional closures are forthcoming. Which Citizens Bank branches are closing? According to data published in two different tranches by the Office of the Comptroller of the Currency (OCC), Citizens Bank in October disclosed that it will shutter at least 14 locations. The bank told Fast Company that the closures are expected early next year. They include: Ohio 9231 Chillicothe Road, Kirtland, OH 8806 Ohio River Road, Wheelersburg, OH 3528 Tuscarawas St. W., Canton, OH 1460 S. Byrne Road, Toledo, OH 1165 E. Waterloo Road, Akron, OH Massachusetts 225 Cambridge St., Cambridge, MA 673 VFW Parkway, West Roxbury, MA Michigan 100 W. Broad St., Chesaning, MI New Hampshire 581 Franklin Pierce Highway, Barrington, NH One Constitutional Way, Somersworth, NH New York 131 East 57th St., New York City, NY 6708 Route 9, Rhinebeck, NY Pennsylvania 101 Commonwealth Drive, Warrendale, PA Vermont 1108 Vt Rt. 149, West Pawlet, VT How is Citizens Financial Groups stock doing? Citizens Bank is owned by Citizens Financial Group (NYSE: CFG), which is headquartered in Providence, Rhode Island, and was founded nearly 200 years ago. In its most recent financial report, for Q3 2025, the company reported a net income of $494 million and an earnings per share (EPS) of $1.05. As of yesterdays market close, CFG shares were trading at $52.24. That represents a nearly 20% increase since the year began. Over the past 12 months, CFG shares have risen more than 12%. Citizens Bank says it currently has total assets of nearly $220 billion and total deposits of around $175 billion.
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E-Commerce
Asked what viewers should expect when television’s MSNBC makes its corporate divorce from NBC News final this weekend, network president Rebecca Kutler points to a poster on the wall of a conference room at its new offices off Times Square. Its message reads: Same Mission. New Name. To me, that encapsulates exactly what we need to be saying, Kutler said. Our job in the next few weeks is to flood the zone … and make sure they know the thing that they love will be the exact same thing on Nov. 15. Saturday is when MSNBC officially becomes MS NOW, standing for My Source for News, Opinion and the World. That’s the most visible manifestation of parent company Comcast’s decision to spin off most of its cable networks into a new company known as Versant. It’s tough enough when one partner tells another that they’re leaving for someone new. In this case, they’re just leaving the partner behind; a cable television network is considered such a diminishing asset in today’s media world that giant companies would rather be free of them. A lot of us really didn’t know what it meant, said prime-time host Jen Psaki, and it didn’t feel great initially. Embracing the ethos of a startup Left on its own, MS NOW is embracing the ethos of a startup, suggesting it will be better positioned to experiment without ties to the more corporate NBC News. Morning Joe is starting its own newsletter. Podcast ideas are encouraged. The network is expanding live events, letting its television stars interact with the audience; Rachel Maddow has one in Chicago later this month. I didnt see this as a divorce, said nighttime host Michael Steele. I see this as the kid growing up and leaving home. We all know what thats like. As Kutler says, the network’s focus on news and commentary with a liberal perspective remains intact. So does its lineup of stars Maddow, Nicolle Wallace, Ari Melber and the like. MS NOW has built its own reporting and support staff, and is moving into a new headquarters west of Broadway in Manhattan that is, not incidentally, the former longtime headquarters of The New York Times. The new office, tricked out with the latest electronics, ends one geographical oddity: No longer are the political polar opposites MSNBC and Fox News Channel located across Sixth Avenue from one another. The MS NOW news staff has about three dozen reporters, among them Washington Post alums Jackie Alemany and Carol Leonnig. It has signed partnerships with Sky News for international reporting and AccuWeather for forecasting. Being divorced from NBC News gives it the opportunity to make deals on its own to supplement its cable existence, said longtime broadcast and cable news executive Kate O’Brian, who spent several years at ABC. They have a strong identity and a built-in audience of people who oppose President Donald Trump, she said. They’re lean, nimble and niche, putting them in a better position to adapt to any emergent platforms, O’Brian said. MS NOW is leaner in audience than MSNBC was a year ago. The network’s prime-time weekday average of 1.17 million viewers this year is down 29% from 2024 a number linked in large part to its viewers’ disappointment at the presidential election results. Fox News Channel, popular with Trump supporters, is up 14% to 3.11 million viewers. Yet MSNBC has roughly twice the audience of CNN, which saw an identical 29% decrease in viewers over the first nine months of 2025. MSNBC was also buoyed by a strong election night performance where it ran neck-and-neck with Fox, even while missing the khaki-clad numbers nerd, Steve Kornacki, who chose to remain with NBC News. MS NOW’s freedom appealed to reporters Jacob Soboroff, who chose it over NBC News, and Rosa Flores, who said she is joining the newly-named network from CNN primarily because she sees the opportunity to do a greater variety of things beyond the immigration beat she’d been covering. All the legacy news organizations are trying to make their way, Flores said. I felt like being part of a news organization that was building solutions from the ground up was so unique that I wanted to be a part of it. Being part of a news operation with a clear political identity was not a barrier for Soboroff. It’s about the people for me, always, it’s not about the politics, he said. I feel like I do what I’ve always done, which is report the facts on the ground, turn them around to our audience and let the audience make up their own minds about what they think. Cleaning out the office at Rockefeller Center The company is spending a reported $20 million on a marketing campaign designed to publicize the changeover, which will include billboards in Times Square, the Grove in Los Angeles and the South Capitol Digital Experience Wall in Washington, D.C. Far cheaper is the mug with MSNBC crossed out and replaced by MS NOW on the set of Morning Joe. Co-host Mika Brzezinski recently cleared out her Rockefeller Center office and reminisced about times that NBC’s Richard Engel and Keir Simmons appeared on their show. We’re going to miss some reporters, she said, and they’re going to miss us. With a rapidly evolving media landscape, success or failure will ultimately be decided by who has the content people most want to see, said her co-host and husband, Joe Scarborough. If this were five years ago, I would have been, Oh, my God, how are we going to do this? he said. Everything is so fluid now. David Bauder, AP media writer
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E-Commerce
Artificial intelligence company Anthropic announced a $50 billion investment in computing infrastructure on Wednesday that will include new data centers in Texas and New York. Microsoft also on Wednesday announced a new data center under construction in Atlanta, Georgia, describing it as connected to another in Wisconsin to form a massive supercomputer running on hundreds of thousands of Nvidia chips to power AI technology. The latest deals show that the tech industry is moving forward on huge spending to build energy-hungry AI infrastructure, despite lingering financial concerns about a bubble, environmental considerations, and the political effects of fast-rising electricity bills in the communities where they’re constructed. Anthropic, maker of the chatbot Claude, said it is working with London-based Fluidstack to build the new computing facilities to power its AI systems. It didn’t disclose their exact locations or what source of electricity they will need. Another company, cryptocurrency mining data center developer TeraWulf, has previously revealed it was working with Fluidstack on Google-backed data center projects in Texas and New York, on the shore of Lake Ontario. TeraWulf declined comment Wednesday. A report last month from TD Cowen said that the leading cloud computing providers leased a staggering amount of U.S. data center capacity in the third fiscal quarter of this year, amounting to more than 7.4 gigawatts of energy, more than all of last year combined. Oracle was securing the most capacity during that time, much of it supporting AI workloads for Anthropic’s chief rival OpenAI, maker of ChatGPT. Google was second and Fluidstack came in third, ahead of Meta, Amazon, CoreWeave, and Microsoft. Anthropic said its projects will create about 800 permanent jobs and 2,400 construction jobs. It said in a statement that the scale of this investment is necessary to meet the growing demand for Claude from hundreds of thousands of businesses while keeping our research at the frontier. Microsoft has branded its Atlanta data center as Fairwater 2, after the original Fairwater complex being built near Milwaukee, Wisconsin. The company said it will help power its own technology, along with OpenAI’s and other AI developers. Microsoft was, until earlier this year, OpenAI’s exclusive cloud computing provider before the two companies amended their partnership. OpenAI has since announced more than $1 trillion in infrastructure obligations, much of it tied to its Stargate project with partners Oracle and SoftBank. The tech industry’s huge amount of spending on computing infrastructure for AI startups that aren’t yet profitable has fueled concerns about an AI investment bubble. Investors have closely watched a series of intertwined deals over recent months between top AI developers such as OpenAI and Anthropic and the companies building the costly computer chips and data centers needed to power their AI products. Anthropic said it will continue to prioritize cost-effective, capital-efficient approaches to scaling up its business. Matt O’Brien, AP technology writer
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