As Banking Goes Mobile, Branch Closures Rip Through Local Economy

Phil Arlia has been dispensing medication in Pitcairn since 1968, but he was more than a pharmacist.

He was a kind of banker.

“We always had a courtesy of cashing customers’ paychecks, state checks, any kind of check,” said Arlia, owner of Phil’s Pharmacy on Broadway Boulevard.

But he stopped cashing checks when the borough’s only remaining bank, a Citizens Bank branch, closed last March. Arlia no longer had fast access to cash to replenish his register when it got low.

The branch closure made it more difficult for Pitcairn residents to access cash to spend at local businesses.

Read more: http://triblive.com/business/headlines/7501236-74/bank-branch-banking#ixzz3QcH1zOMS
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