Denying a report in today's Wall Street Journal, the Citibank official in charge of the Philadelphia market says that the big bank is here to stay.
William E. Brown said in an interview this afternoon that Citibank, which has opened 21 full-service branches in the region in the last 15 months, is committed to Philadelphia.
"Citigroup recognizes this is a region that we want to be in," Brown said.
He would not specify how many branches the bank intends to open here in 2008, saying only that two branches are under construction: one in Doylestown and the other in Plymouth Meeting.
Citigroup executives have expressed "no disappointment with how the branches are performing," Brown said.
Comments (2)
We have recently established accounts with Citi and have been extremely satisfied with the service, attention to detail and extra effort to accommodate us. We especially appeciate the friendly and helpful managers at the 12th & Walnut and 15th & Locust branches. We are actually surprised that such a large bank offers such personal and individualized contact. It is more like dealing with a local bank that caters to small business and professionals like us, than most of the small banks, but they offer a wider range of services. Philly has become sophisticated and needs a bank like Citi.
Posted by Robin & Andy G. | January 25, 2008 3:57 PM
Posted on January 25, 2008 15:57
I've had a bad experience with their flagship branch. They should go back to new york.
Posted by bigh | January 25, 2008 8:13 AM
Posted on January 25, 2008 08:13