Why That Spike in COVID-19 Bank Branch Closings Didn’t Happen (Yet)
With all the recent buzz about the demise of branches, it was easy to assume they were going to wither away. But that's not what FDIC says.. Read More
Article Archive: Branch Strategies
How Bank Branching Advocates Feel About Expansion Plans Now
Accelerating closings is seen as a cost-cutting, digital-investment move at PNC, U.S. Bank, Regions and more. But 'thin' branches remain. Read More
Gen Z Says They’re Eager to Use Big Techs for Banking – But Will They?
Having some type of bank account with Amazon, Google or Walmart appeals to young adults, but many prefer to open checking accounts in person.. Read More
Data Reveals a Surprise Driver of CX Satisfaction in Banking
Traditional and direct financial institutions do well with websites and mobile apps but other factors impact loyalty and revenue far. Read More
Trimming Branch Networks? Many Financial Institutions Find It Tough
Safely shrinking for efficiency and cost control means paying as much attention when you dismantle the system as you did when building. Read More
Why BofA – Not Fintechs or Amazon – Should Keep Bankers Awake at Night
Experts reveal eye-opening digital growth statistics as the megabank unveils new mobile banking features and branch and ATM. Read More
Branches Bounce Back with Strong Retail Sales After Initial COVID Hit
Study shows: Even with lobby restrictions still in place, most new consumer checking accounts at community institutions originate in-branch. Read More
Bank Branches Are Dead. Long Live the Branch!
It's tempting to stop building new branches, but with Millennials and Gen Z years from profitability, catering solely to them is a big. Read More
How the Appointment Economy Is Changing the Retail Banking Experience
Banks and credit unions are reimagining in-branch banking as consumers shift their post-pandemic behavior patterns and expectations.. Read More
Gen Z Prefers Banks to Big Techs, But Shuns Branches
For the members of Gen Z, it's a Venmo world. But for these tech-savvy consumers trust is as important in their banking as. Read More
As COVID-19 Favors Drive-Up Banking, Renovations Should Include ITMs
As the pandemic lingers on, banks and credit unions should put interactive video teller machines (ITMs) in their drive-through. Read More
Will COVID-19’s Impact on Banking Be Worse Than the Great Recession?
Early financial support averted a depression, but conditions will deteriorate, impacting bank and credit union profits. How to prepare. Read More
CRA: Empty Bank Branches Do Not Help Communities
Declines in branch traffic are making the Community Reinvestment Act obsolete. There are better metrics than just counting. Read More
Reimagining Branches (and What Banks & Credit Unions Should Sell in Them)
Digital channels will handle everyday banking for most people. Instead of smashing bricks and mortar, make an innovative change in its. Read More
The Right Balance of Digital vs. Physical Banking Channels Post-COVID
Banks and credit unions balance digital solutions with physical locations, using remote technologies to enhance both.. Read More
The Future of ATMs in Banking
Impacted by cash issues and branch closures, ATMs have been on a COVID rollercoaster. New units have less touch, greater. Read More
Citizens Bank CXO Details How COVID Has Changed Retail Banking
Regional bank wrestles with branch role as digital soars and virtual meetings take on more of the advisory work. Data and agility are. Read More
Why Universal Bankers are Now the Only Logical Option for Branches
Fewer people will visit branches but there is still demand for a great customer experience. This model is tailor-made for the post-COVID. Read More
Digital Pioneer BBVA Is Building New Branches in the U.S. (Here’s Why)
Marrying virtual and physical, halving the floor plan, trimming staff to basics, and rethinking mission go into post-COVID expansion drive.. Read More
Branches Still Dominate, But Banks Won’t Need as Many to Compete
Banks and credit unions will only gain branch cost savings if they improve their digital offerings. Many consumers aren't that. Read More
How People’s Changing Habits Will Impact the Future of Branch Banking
Reports from banking's front lines as branches reopen paint a different picture from the usual predictions about consumer banking. Read More
Why Financial Institutions Must Overhaul Their Retail Banking Strategies
COVID showed what banks and credit unions are capable of digitally. To keep the momentum going they must rethink distribution and. Read More