Business & economy

Nyssa’s lone bank to close in January

NYSSA – Nyssa’s lone brick-and-mortar banking option, the U.S. Bank branch located at 500 Main St., is scheduled to close Jan. 19, 2022, leaving local businesses in the lurch. 

“Customers’ banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity,” said Jennifer Fredrick, assistant vice president and communications manager at U.S. Bank. “As we evolve along with our customers, we are reevaluating our physical footprint, and in some instances, consolidating branch locations in select markets.”

Umpqua Bank closed its Nyssa location in 2019.

Nyssa City Manager Jim Maret said that he was “very disappointed” that U.S. Bank had decided to leave town. 

“With all the businesses that we have that do deposits and need change, and . . .