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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. We felt like Wake County was still going to be a vibrant market for us, and it just made sense to move forward and open the location.”. Back to branch strategy.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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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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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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Branch Transformation: Data Driven Decisions

NCR

Looking at the environment that surrounds successful – and not so successful – branches can provide insight into what kind of environment works best for a particular bank. Another data point that can provide some insight into a best branch strategy is the demographics of the bank’s customers. Age of customers.

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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. And the rest of us are increasingly buying online. So putting a light branch in a mall that is being vacated by Macy’s may not be a winning strategy if your bank’s objective is to increase visibility through strategically located, yet smaller branches.