Huntington Bank will close 30 in-store Giant Eagle locations — including two in Portage County and four in Summit County — the bank said Monday.
Locations in Ravenna, Streetsboro, Fairlawn, Barberton, Tallmadge and Green will get the ax.
“Huntington regularly reviews its distribution network and makes adjustments and improvements to ensure our mix of branches, ATMs, and online and mobile banking are in line with meeting our customers’ evolving needs,” the company said in an emailed statement. “After completion of our review, we plan to consolidate 30 Giant Eagle in-store locations on February 15, 2020.”
The Columbus-based bank said all of the 30 branches have an existing branch within five minutes. Half of the locations have a branch within a half-mile. The Fairlawn Village branch at 2700 W. Market St., for example, is 0.2 miles from the Giant Eagle branch.
Besides the Fairlawn location, other Summit County bank branch closings will be the Fifth Street branch in Barberton, the Corporate Woods Parkway location in Green and the West Avenue location in Tallmadge.
Giant Eagle said it is committed to maintaining ATMs in as many of its stores as possible.
Other local Huntington closings in Giant Eagle include: State Road/state Route 303 in Streetsboro, East Main Street in Ravenna, West Maple Street in Hartville, Strip Avenue in North Canton, East Maple Street in North Canton, Cromer Avenue in Canton, and North Court Street in Medina.
Huntington did not say how many jobs will be affected or its expected savings from the closings, but indicated it expected few, if any, layoffs.
“It’s our goal to place the vast majority of our colleagues in other roles where they can continue their career with Huntington,” the company said in an emailed response to a question about bank jobs.
Giant Eagle spokesman Dan Donovan said in an email Monday that the company is exploring options for space left by the departing Huntington branches. The Pittsburgh-based grocery chain expects the locations to be vacated by March of next year.
“Giant Eagle has enjoyed our longstanding relationship with Huntington Bank and our existing 96 current Ohio in-store bank branches,” Donovan said. ”Huntington has informed us that the bank will be closing 30 of their locations within our stores during the first quarter of 2020.”
Giant Eagle will continue to host Huntington at 65 locations in Ohio and West Virginia, the grocery giant said. It’s unaware of plans by Huntington to close any locations beyond the 30 confirmed Monday.
“We understand that 26 of these closures will be in Cleveland, Akron and Canton with three additional in Youngstown and one in central Ohio,” Donovan said. “Giant Eagle will evaluate the best use of the space currently occupied by the Huntington branches on a store-by-store basis, with hopes to use the space to deliver added value to our customers.”
Huntington said it expects to maintain its banking dominance in Ohio despite the closings.
“We will maintain our No. 1 overall position in branch market share in Ohio,” the bank said.
Alan Ashworth can be reached at 330-996-3859 or emailed at email@example.com. Follow him on Twitter at @newsalanbeaconj.