TCF Financial said Friday that it plans to close 10 branches inside Twin Cities Cub Foods stores in the spring of this year, including six east Metro locations.

Branches at supermarkets in Roseville (Har Mar), St. Paul (Sun Ray), Lakeville, Arden Hills, Burnsville and Eagan will be closed. Also on the list are locations in Minneapolis, Brooklyn Park, Brooklyn Center and Buffalo.

Chief Financial Officer Brian Maass said on an earnings call with analysts that the closings come as the bank evaluates its expenses against the quality of its revenue. Maass said the moves are in accordance with an extension of the bank’s new contract with Cub Foods’ parent Supervalu, continuing TCF as the exclusive banker in the regional supermarket chain through 2021. The branches will close April 14.

The bank also noted in a statement that ATMs will remain available in all the stores losing a full-service branch, giving TCF 279 ATMs and 88 branch locations in Minnesota, including 39 in Cub Foods stores.

Also, the bank noted that most of the closing branches have another TCF branch 1 to 3 miles away and that TCF expects to retain many of the affected team members at the nearby branches.

On Friday’s earnings call, Maass said the money saved from the closings would be channeled into investment into digital operations and other new products. Executives also noted a shift in regional banking away from physical branches and more to the round-the-clock convenience of digital.

The Wayzata-based bank, Minnesota’s fourth-largest by deposit market share, also reported fourth-quarter profit of $50.1 million or 27 cents per share. Related Articles US bans WeChat, TikTok from app stores, threatens shutdowns

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The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The company posted revenue of $347.3 million in the period. Its adjusted revenue was $327.1 million, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $332 million.

For the year, the company reported profit of $212.1 million, or $1.15 per share. Revenue was reported as $1.31 billion.

Reports from Associated Press were used in this story.