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What COVID-19 Might Mean For Your Branch Strategy

South State Correspondent

Chances are you were already reducing the number of your branches. Between the interest rate environment over the past several years, the increase in digital spend, and the quest for greater operating leverage, banks can no longer afford large branch structures and still return their cost of capital.

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Making Banking Easier with Intelligent Branch

Cisco

Operational Excellence is also vital to reduce and simplify on-prem devices, and reduce energy required to operate customer IT facilities. Financial institutions are now working to build intelligent branches. The intelligent branch is designed to execute business with new efficiency. Intelligent guest wireless.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

Despite that increase in profitability, banks need to be mindful of how they manage their branch and customer base to increase profitability further. The operative question is: given online and mobile banking, what is the new role of the branch? Branching is expensive – banks need to use the asset wisely.

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Growing a new branch

Independent Banker

Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether. Back to branch strategy. Ted Whitehurst, Providence Bank president and CEO, led the charge to open a new brick-and-mortar location of the Raleigh, N.C., By Ed Avis.

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Build Your Planning Playbook

The Raddon Report

Like other financial institutions, you probably believe you''ve squeezed every drop of efficiency out of your operations already. Branching Strategy Branch Networks branch strategy branches Strategic Planning'

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

Gonzobanker

Branch locations without ITMs typically require two to four employees to operate each branch for extended hours. On the flip side, by leveraging the queuing benefits of ITMs, multiple branches can stay open later (in the drive-thru or vestibule) with significantly less staff while maintaining nearly full teller functionality.

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Talking in a Digital World

Independent Banker

But in today’s world of proliferating digital devices and communication options, customer contact centers, once operating primarily as telephone switchboards, are turning into full-service and multichannel communication hubs. A recent ICBA poll found that 16 percent of member community banks operate contact centers. 1% Don’t know.