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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.

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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.