Citibank Pulling Out of Philly, Too

Branches all over the city will disappear.

On the same day we learned Sunoco headquarters were leaving Center City, comes this: “Citibank, the global Manhattan-based loan and investment company, is shutting its remaining Philadelphia branches — five in Center City, one each in Germantown and Bala Cynwyd — and offices in Cherry Hill and the Wilmington and Princeton areas, according to letters sent to local customers this week. ”

So: Just a bad day, or are these two events sign of something bigger and badder happing in Philadelphia?

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