Remove Branch Strategies Remove Community Bank Remove Millennials Remove Trends
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Fintech'ers Will Be Right on Branching. Unless Bankers Act.

Jeff For Banks

I think banks are closing branches for one reason: to cut costs and prop up their earnings and boost their stock price." Although the trend is decidedly in that direction. I also believe that branches can be developed as competitive advantages for community financial institutions. The red: millennials.

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How About Profits in the Branch of the Future?

Jeff For Banks

This highlights an important banking concept: revenues are mostly driven off of balances, not activity. mBank’s light branch depicted above is located in a mall. Malls are experiencing difficulty in the United States, as millennials opt for smaller, urban environments to shop. And the rest of us are increasingly buying online.