article thumbnail

Fintech'ers Will Be Right on Branching. Unless Bankers Act.

Jeff For Banks

In Brett King's 2012 book, Branch Today, Gone Tomorrow , he called for a 50% reduction in branches while asking what would banking look like in 2015. Between 2012 and 2015, there was a 4% branch reduction. I also believe that branches can be developed as competitive advantages for community financial institutions.

article thumbnail

Research Predicts All U.S. Bank Branches Could Be Shuttered by 2034

The Financial Brand

The forecast is based on state-by-state trends since 2012. Bank Branches Could Be Shuttered by 2034 appeared first on The Financial Brand. Consumer data supports the trend, but also highlights online bank weak spots. The post Research Predicts All U.S.

Trends 43
article thumbnail

How About Profits in the Branch of the Future?

Jeff For Banks

“[Sample] Bank has reinvented banking with the opening of the [Branch of the Future]. So went the 2012 press release announcing the opening of the next generation of the bank branch. At June 30, 2014, that branch had $23 million in total deposits, down $1 million from one year ago.