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

Jeff For Banks

Look at the decline in branches since 2009. I read a recent interview of Members 1st Credit Union CEO Bob Marquette by S&P Global Market Intelligence (link requires subscription). When asked, Marquette said of the death of the branch: "I think it's bullcrap. Between 2012 and 2015, there was a 4% branch reduction.

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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. Does the rationalization hold water?