By Laura Cole

DAVIS (CBS13) – Causing a bank to lock its doors may end up costing students more than just easy access to an ATM.

The US Bank was the one bank branch on campus, but now it’s closed for good after it became the target of several Occupy UC Davis protests.

“That is a success,” said a student.

It’s a win for the on-campus movement. Students staged repeated protests in front of the branch that blocked customers from entering, ultimately keeping the bank from doing business.

“I think that real change actually happened a few days ago when we got an actual branch of a very big national bank to leave campus,” said Artem Raskin, an Occupy UC Davis protester.

Occupiers say the protests were peaceful, but US Bank feels differently. They called the situation “intolerable,” saying their employees were imprisoned in the branch.

US Bank released this statement:

“Despite our best attempts, we were limited in our ability to resolve the matter and were forced to close the office.”

And it ends a 10-year deal between the bank and the university. US Bank’s presence on campus generated $160,000 a year for student programs.

“I think they should have stood to the side of the bank and said their peace then, and that’s who it should have been done. But instead they won’t even allow students who wanted that option to use it,” said Cyrus Khorshidchehr, a student.

Some students feel the occupy movement infringed on their right to choose and ultimately hurts the students who use it.

“They also have to look at what is going to be best for the university and best for the students here in general, and shutting it down is costing our university a lot more money, which is just going to end up hurting our university and our students.” said Yara Zokaie, a student.

US Bank says it will hold the university responsible for all of its losses including the cost of building the branch.

The $160,000 the bank contributed has some students now speculating whether their fees will now go up.

Comments (8)
  1. joe says:

    us bank should sue ucd if it has grounds to do so. business is business and occupy deprived us bank of the right to do business and help students in general. us bank can’t sue occupy because they are an unknown group.

  2. moto327 says:

    If these occupy losers spent as much effort trying to improve their lives as they spend trying to complain, they might actually make a positive change. Instead, they are just making things harder for themselves

  3. Andy says:

    see what happens when banks stop giving out free toasters. these pigs need to get a life

  4. Albatross says:

    Aw, I feel so BAD about this US Bank branch being evicted from its home!
    Except they weren’t evicted, they chose to leave.
    Unlike all the homeowners they scammed and then foreclosed upon.
    But, no, it’s US BANK who are the victims here!

  5. molly says:

    This is not about US bank being the victim, but about how the Occupy Movement on campus will ultimately cost the students more money. I feel sorry for those students who just want to get an education and move forward with their lives without the occupiers making their lives more difficult and limiting their rights to choose who they do business with. How is that a win?

  6. FleaParty says:

    Simple, it isn’t a win. This is not only a loss for the school of $160,000, but an inconvenience to students and other on campus users of the bank and ATM machines. Now instead of stopping at the on-campus machine, students will have to travel off campus, thereby wasting valuable time and possibly exposing themselves to off-campus crime. The occuturds have effectively bullied (the new buzz word) the bank into leaving, restricting choice for everyone. It’s time to flush this (bowel) movement for once and for all and this time hold the handle down. Heck, the movement is losing steam anyway.

  7. puddin tane says:

    can some one please kent state these ows morons

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