Citibank closing 10 branches in Connecticut

WATERBURY, Conn.—Citigroup Inc. is confirming plans to close 10 Connecticut Citibank branches beginning in July, trimming the number of branches it has in the state by a third.

A Citigroup spokesman says the branch closings could cause between 100 and 120 Citibank employees to lose their jobs. But he says workers at the 10 branches are being given a chance at other jobs within the organization.

Citibank will close branches in Avon, Bristol, Glastonbury, Hartford, Newington, North Haven, Orange, South Windsor and Waterbury at some point during the third quarter of the fiscal year.

Citibank will be left with 20 Connecticut branches, mostly in Fairfield County.

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Information from: Republican-American, http://www.rep-am.com