First National Bank & Trust has announced the decision not to renew its existing in-store branch contract with Tadych’s Marketplace Foods supermarket in Iron Mountain.
“The closing of brick and mortar bank branch offices is a national trend as more and more consumers use digital banking services and no longer require in-person transactions,” said David Kashian, First National Bank & Trust Chairman & CEO. “Our customer traffic patterns are similar to the national trends, and are a direct result of our successful effort in improving our digital banking suite of products. We will continue to maintain our remaining three area branch locations for the convenience of our customers who prefer or require in-person banking.”
With this change in direction, First National Bank & Trust will continue investing and developing its digital capabilities, including mobile app and online banking, strengthen its branch network, and enhance the tools bankers use to personalize and enhance customer experience.
“I want to thank Tadych’s Marketplace Foods for their continuous collaboration, partnership, and teamwork in what has been a successful and beneficial relationship since 1995,” said Russ Kassin, First National Bank & Trust President & Chief Lending Officer. “Our focus remains on personalized relationships and balancing the needs of our customers and that will not change.”
The Tadych’s Marketplace Foods branch will cease operations on Monday, August 1, 2022, with the employees currently working at the branch being reassigned to other locations within the bank.
