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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  • Stigall Manor

    Let ’em go to hell for treating their customers like crap! My very good friend, and colleague Steve Cordasco can invest your many assets at an annual return of XX%

    • RightsTough

      So can any tetrad with a Series 7 license. Do you think your “friend” has access to different financial info that some guy in his living room with a wi-fi connection? Watch “American Greed” and you too will connect the dots that these financial experts are simply trying to burn fees on your dime. “XX%”? is that 10% or 99%? Also, if your “friend” will put guaranteed double digits in writing have him contact me.

  • Steve David

    Philly must follow other great cities into the dust bin of history. With an oppresive tax structure and and less than imaginative governance with unacceptable crime and poverty, the business culture knows how to deal with it, escape!