BES Episode 4: Keep, Close or Transform? A 3-Step Methodology for Making Branch Investment Decisions
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Date: Thursday, July 23rd @ 3 pm Eastern
Changing demographics and consumer behaviors combined with the onslaught of Silicon Valley inspired competitors has banks rethinking the purpose, value and role of their branches.
Banks nationwide are reducing their total number of branches as part of an ongoing response to high operating costs, increased digital channel adoption and constantly shifting consumer preferences. Nearly 1,500 bank branches were closed last year according to SNL Financial. Many executives who had, in recent years, grown accustomed to branch expansion are now wondering about the future viability of their branch network.