United Bank of Philadelphia announced this week that it will close three of its eight branches in and around the city in September.
The $134 million-asset bank's parent, United Bancshares, said the closings are part of an ongoing restructuring. In May the bank's board made several management changes, including the promotion of Evelyn F. Smalls to president.
United said that it does not expect any layoffs from the closings and that the employees would be reassigned to other offices. The remaining branches in Center City, north Philadelphia, Mount Airy, and west Philadelphia will serve customers affected by the closings.
The bank said it does not expect further branch consolidation.
