Remove Branch Strategies Remove Community Remove Community Bank Remove Millennials
article thumbnail

Take Millennials' Stated Banking Preferences with Grain of Salt

American Banker

The inconsistency between what millennials say on surveys and their actual behavior should make bank marketers skeptical about building programs around such research.

article thumbnail

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

Jeff For Banks

I also believe that branches can be developed as competitive advantages for community financial institutions. Much like the credit union CEO thinks his branching strategy differentiates his CU. But, as our current strategy execution stands, there is much work to be done. The red: millennials.

article thumbnail

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.