Branch network

The deal continues Sound's push into markets north of its Tacoma headquarters.

The company said migration to digital channels spurred its decision to shutter locations across five states.

Dennis Devine will have to navigate a number of issues, including economic strife and a pandemic, as he takes the helm at the $13 billion-asset institution.

The coronavirus pandemic has forced some branches to close, but demand for in-person advice remains strong.

The Pennsylvania company said the move is in response to margin pressure and customers' increased adoption of digital channels.

BBVA and Rockland Trust have taken a highly numbers-driven approach to branch reopenings. All banks are having to rethink their branch networks during the pandemic and beyond, and analytics software is helping.

Cadmus Credit Union agreed to merge into Chartway Federal Credit Union after one of its select employer groups said it would shutter the facility where its only branch was located due to business issues that arose from the coronavirus.

Simmons First, which is based in Arkansas, plans to shutter 23 locations later this year, while Great Southern in Missouri has hired a firm to take a look at its network.

The North Carolina regional created by the merger of BB&T and SunTrust is saving money by shedding office space and reworking vendor contracts, but it was forced to put its systems integration on hold for up to a year to prioritize tech upgrades tied to the pandemic.

The Minneapolis company said 75% transactions have been handled online since the pandemic hit.