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Bank CFO: The FDIC is on a rising rate binge. Bank CEO: We can''t control who comes in our branches. Bank CEO on his future strategy: A few locations and tons of digital. Bank Director: We have to be careful cutting staff in branches, because with the lack of customers the branch might look too empty.
In keeping up with industry reading it is clear to me that we, as an industry, are perplexed at what to do about branching. The recently released FDIC Summary of Deposits showed the second year of branch decline. We don''t want to manage multiple properties of former branches that sit stale on our books eating our capital.
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. The post Why that Spike in COVID-19 Bank Branch Closings Didn’t Happen (Yet) appeared first on The Financial Brand.
The FDIC erroneously concludes that high numbers of bank branches are justified despite significant drops in branch transactions. BranchStrategies Brett King FDIC'
How much of what you know about branch trends is on target and what's completely wrong? A new analysis of FDIC numbers will surprise you. The post Is Small-Town America Being Unbanked? and More Hidden ‘Trends’) appeared first on The Financial Brand.
Bancorp is the latest big bank to offer an overdraft-free account. Skeptics are questioning how many Americans are benefiting from these products, and want banks to do more to market them.
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