Columbus, Ohio-based Huntington Bancshares Inc. will consolidate 30 of its in-store Giant Eagle branches in the first quarter of 2020.
The bank said at the Goldman Sachs U.S. Financial Services Conference that the branches to be consolidated are largely in northeast Ohio. The company will have 66 in-store Giant Eagle branches after the closures, according to an investor presentation.
Huntington previously completed an internal reorganization that included cutting about 200 jobs. The company expects about $25 million of unusual expense from the branch consolidation and internal reorganization in the fourth quarter, Chairman, President and CEO Stephen Steinour said at the conference.