NYSSA — Citing changes in how people do their banking, Umpqua Bank has announced that it is closing its Vale and Nyssa branches in November. The last day for the Vale office is Nov. 21, and the Nyssa location will close Nov. 22.
“Over the last decade, more people are choosing to bank digitally rather than going into Umpqua stores,” wrote Mark Griffith, Regional Director of retail banking, in a letter to bank customers in those communities.
“Many of you have asked for more convenience to connect, especially on the go,” his letter reads.
While the bank is working to create more digital tools that allow its customers to do their financial tasks, bank officials say they are evaluating their brick and mortar stores and consolidating some of them: In this case, the two branches are being folded into Ontario.
The Nyssa branch was originally First National Bank of Oregon, which became First Interstate, and was eventually merged into Wells Fargo Bank. Wells Fargo then sold the Nyssa Branch to Klamath First Federal Savings and Loan Association. After obtaining additional branches around Oregon, Klamath First Federal merged with Sterling Savings Bank, and then in 2013 Umpqua Bank took over Sterling.
In Vale, the branch started out as Pioneer Federal Savings/Pioneer Bank, then became Sterling Savings before Umpqua came in.
Both communities have U.S. Banks, and Vale also has a Malheur Federal Credit Union Branch.