Branch banking

ABA offers political lifeline on masks, and banks are relieved

07/23/20

Financial institutions want to protect customers and employees from the coronavirus but are caught in the middle of a politically charged public health debate. The stance taken by the industry’s largest trade group gives them cover.

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Five Star is latest bank to shutter branches amid decline in foot traffic

07/17/20

The Warsaw, N.Y., bank said it will close 10% of its branches and lay off 6% of its staff in response to customers’ growing preference for remote banking.

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Consumers in Canada shun cash and bank branches on virus fears

07/13/20

Canadian consumers are changing their banking habits to reduce physical contact with others because of COVID-19, according to a new study by McKinsey & Co.

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Why Associated plugged in to community solar energy

07/07/20

The Wisconsin banking company recently agreed to use five solar gardens to power 39 branches. The move, part of a broader sustainability push, is expected to deliver significant cost savings and could benefit rural communities, Associated said.

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SBA discloses PPP loan recipients; bank drive-throughs make a comeback

07/07/20

Restaurants, medical offices and car dealerships were the top recipients of large loans; increased usage of the drive-ups is putting a strain on the low-tech lanes.

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BBVA will use data-driven model to start reopening branches

07/06/20

BBVA USA in Birmingham, Ala., says it will use a proprietary score based on multiple sources of coronavirus-related information to determine when certain branches are ready for walk-in traffic.

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A glimpse at the role of the bank branch after the pandemic

07/01/20

Wei Ke, partner at Simon-Kucher & Partners, shares research and analysis from a recent consumer survey on branch versus digital banking behaviors after the coronavirus lockdowns are over.

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BBVA sticking with Texas branch-expansion plan amid pandemic

06/30/20

The coronavirus outbreak forced BBVA USA to rethink a plan to add 15 branches in Texas, but it decided to move ahead anyway, albeit with a few tweaks.

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Card issuers cut back on 0% offers; shift to mobile could speed branch divestment

06/08/20

Banks are looking to reduce their consumer credit risk exposure in the face of high unemployment; the drop in branch transactions is causing banks to rethink how many they need.

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Don’t underestimate the power of branches post-pandemic

06/04/20

Digital banking has ramped up during the coronavirus lockdown but customers will seek somewhere to go as cities reopen. A branch could provide that safe haven.

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