Banks Face Big Risks Shrinking Branch Networks as Pandemic Recedes
Obvious retail bank savings will evaporate and leave your financial institution weaker if you don't prepare with consumer retention in mind.
Obvious retail bank savings will evaporate and leave your financial institution weaker if you don't prepare with consumer retention in mind.
Accepting change isn't surrendering, but a way of meeting it. Small banking institutions must weigh digital versus branches and even mergers.
A year into their branch-building plans, Chase, Bank of America and Wells Fargo are showing widely differing deposit-growth results.
Why do some new branches excel in attracting deposits? An analysis of data by a branch banking veteran confirms the important factors.
Banking pundits say branches grow irrelevant, but many consumers still want them. Abandon the herd now and you'll have less competition.
Banks and credit unions are opening fewer new branches, so they have to be absolutely sure they are picking the right sites, in the right area and in the right markets.
Banks and credit unions looking to expand must be smart about how many branches they open — and in which markets — or they could get burned.
In-store branch locations may seem appealing in theory, but compared to traditional branches, they are rarely successful.