- Investors Bancorp (ISBC) plans to reduce operating expenses by reducing workforce by ~5% by the year end and closing of six branch offices by the first week of March 2018.
- The company estimates $12M - $14M reduction in annual operating expenses and expects to recognize non-recurring pre-tax expenses of ~$5M in 4Q17.
- Press Release
Investors Bank Announces Workforce Reduction and Branch Closures
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