HomeTrust Bancshares in Asheville, N.C., will close six branches in North Carolina and Tennessee.
The $2.6 billion-asset bank is closing the offices because customers "visit branches less frequently and instead are using online and mobile technology," Dana Stonestreet, chairman and chief executive, said in a news release.
HomeTrust will close the branches by the end of October and record an impairment charge of $375,000 in the second quarter. HomeTrust expects to save about $1.2 million yearly from the closures.
The offices to be closed are located in Shelby, Clemmons and Eden, N.C.; and in Kingsport and Morristown, Tenn. HomeTrust will still have offices in each market after the closings.
HomeTrust will give employees the opportunity to apply for open positions elsewhere in the company.