Remove Branch Strategies Remove Community 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

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. And the rest of us are increasingly buying online.