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Branch Boom Gone Bust: Forecast Calls For Steep Decline

Monday, May 13, 2013 - 3:49 PM
After a 40-year boom in branch building, the U.S. will witness a dramatic reduction in the number of operating branches.

US banks and credit unions have been fond of growing business through branch-building. But in the report “Branch Boom Gone Bust,” Bob Meara and Stephen Greer, a pair of analysts at Celent, predict a steep decline in U.S. branch density. The authors argue that the retail banking industry has yet to respond to “the obvious migration of customers to new digital alternatives.”

ShorebreakShorebreak2,700 posts since
Apr 6, 2010
Rep Points: 14,636
1. Saturday, May 18, 2013 - 10:15 AM
... not just fewer branches but possibly smaller ones also.

From The Financial Brand:
BMO in Canada is the latest to test ...the “nanobranch strategy.” BMO’s so-called “studio branch” is a compact 900± square feet, sitting on the ground floor of the ZUNI condo complex in Montreal. The concept features an open layout, consultative meeting spaces, a private conference room and free WiFi.

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pearlbrownpearlbrown1,491 posts since
Nov 2, 2010
Rep Points: 6,490