Citibank to cash out community banking; closes Henrietta branch

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Citibank customers in Henrietta are looking for another financial institution after the corporation closed the local branch last week.

Thursday, May 11, was the final day for the Henrietta Branch, located at 111 S. Main St., to remain open. According to an announcement to customers, the branch has been consolidated with the Parker Square branch in Wichita Falls.

The closure affects eight employees. Pulley, a spokesperson for the Citibank corporate offices in New York, said those employees have been given the opportunity to find other employment with the company.

“As part of our long term strategy at Citibank to grow our business in major cities in the United States and around the world, we will be closing three branches in Texas.   This action was taken after a comprehensive review of the long term strategy in the retail bank and a thorough evaluation of where we see the strongest growth for our business,” said Pulley in a statement.

Also closing are branches in Jacksboro and Cisco. There are 46 branches in Texas. Pulley said the closures were planned in February.

“Although these were very small branches, we were happy to be involved in the local community and serve our customers.   We thank the community and our customers for their business and look forward to serving our clients across Texas.”

Citibank purchased the Henrietta branch from Bank of America in 2005.

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Pioneer Sentinel

The Pioneer Sentinel is an online newspaper designed to deliver the news of Clay County, Texas, in a concise and community-friendly format.

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