The shutdown reverses rapid expansion before the 2008 financial crisis, when Citi was among the New York banks seeking to boost its municipal, business and consumer lending and money management in the region after Philadelphia's major banks sold to out-of-town companies in the 1980s and 1990s. Citi has lately been shutting branches as more Americans bank online, and cutting back physical offices in markets where it's not a dominant lender or depository.