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The Durbin Amendment on debit interchange has been cited as reason for banks to shutter branches. Still, some observers believe it is one of many factors, if not the scapegoat, for closures that were necessary regardless of regulatory change.
September 29
Bank of Hawaii Corp. in Honolulu will close three traditional branches and open three others located within supermarkets this year.
The $13.8 billion-asset company will close two branches on the island of Oahu and one on the Big Island in late April, the Honolulu Star-Advertiser reported Sunday. The bank will then open one in-store branch on Oahu and two on the Neighbor Islands, according to the news report, and it intends to close its Pearl Harbor branch and is in discussions to reopen it at another location.
The bank
Bank of Hawaii is not the only bank looking to move branches into stores as fee income has shrunk. Huntington Bancshares Inc. of Columbus, Ohio, said in January that