Remove Branch Strategies Remove Community Remove Marketing Remove United States
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Are Video Teller Machines the ‘Branch of the Future?’

Gonzobanker

Centralized locations can also be strategically placed for the benefit of recruiting and retaining better talent than might be available in certain branch locations/geographic regions (e.g., rural or expensive urban markets). A large majority of community and regional FIs differentiate themselves with outstanding personal service.

Video 60
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Are Video Teller Machines the ‘Branch of the Future?’

Gonzobanker

Centralized locations can also be strategically placed for the benefit of recruiting and retaining better talent than might be available in certain branch locations/geographic regions (e.g., rural or expensive urban markets). A large majority of community and regional FIs differentiate themselves with outstanding personal service.

Video 60
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How About Profits in the Branch of the Future?

Jeff For Banks

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. All talk of visibility and foot traffic aside, the measure of branch success should be profits. Let’s compare to other market area profits.

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Feature Friday: Umpqua Showcases the Closest Branch on its Website

Fintech Labs Insights

But if you do have good branches, you should at least use your digital presence to showcase them. Probably the best example of growing a franchise using branching (at least in the United States over the past 20 years), is Umpqua Bank. Do not try to copy this, it’s not 1995 any more).