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FDIC Branch Report Ignores Impact of Digital Channel Shift

The Financial Brand

The FDIC erroneously concludes that high numbers of bank branches are justified despite significant drops in branch transactions. Branch Strategies Brett King FDIC'

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Why that Spike in COVID-19 Bank Branch Closings Didn’t Happen (Yet)

The Financial Brand

With all the recent buzz about the demise of branches, it was easy to assume they were going to wither away. But that's not what FDIC says. The post Why that Spike in COVID-19 Bank Branch Closings Didn’t Happen (Yet) appeared first on The Financial Brand.

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Is Small-Town America Being Unbanked? (and More Hidden ‘Trends’)

The Financial Brand

How much of what you know about branch trends is on target and what's completely wrong? A new analysis of FDIC numbers will surprise you. The post Is Small-Town America Being Unbanked? and More Hidden ‘Trends’) appeared first on The Financial Brand.

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Bigger Banks Are Gobbling Up a Larger Share of Deposits: FDIC

American Banker

trillion, even as the total number of banks and branches declined. Total deposits at U.S. banks climbed nearly 6% year over year, to $11.3

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The Elephant in the Room: Branches

Jeff For Banks

In keeping up with industry reading it is clear to me that we, as an industry, are perplexed at what to do about branching. The recently released FDIC Summary of Deposits showed the second year of branch decline. We don''t want to manage multiple properties of former branches that sit stale on our books eating our capital.

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Banker Quotes: As Told to Me v7

Jeff For Banks

Bank CFO: The FDIC is on a rising rate binge. Bank CEO: We can''t control who comes in our branches. Bank CEO on his future strategy: A few locations and tons of digital. Bank Director: We have to be careful cutting staff in branches, because with the lack of customers the branch might look too empty.

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'Safe' Accounts for Unbanked on Rise; Do They Do Much Good?

American Banker

Bancorp is the latest big bank to offer an overdraft-free account. Skeptics are questioning how many Americans are benefiting from these products, and want banks to do more to market them.