News Topic: Branch banking

Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona. ... Read full article

Cassandra McKinney's promotion to executive vice president of the retail bank is the latest executive move by Curt Farmer, who became the Dallas company's CEO in April. ... Read full article

With mobile banking on the rise, New York City is joining a trend that's already sweeping the rest of the country. Fewer bank branches. Smaller bank branches. ... Read full article

Modernizing the bank’s app and digital-banking experience won’t necessarily result in Citigroup needing fewer people in its retail bank, CEO Michael Corbat said. ... Read full article

Alaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations. ... Read full article

Bank employees need to stop seeing new technology as a threat. ... Read full article

Low rates and spotty loan demand mean banks are having to “dig deeper” to improve efficiency and maintain profit margins. ... Read full article

A provision of the Community Reinvestment Act overhaul package would rightfully hold lenders more accountable for reinvesting in cities where they are feeding off deposits. ... Read full article

Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI. ... Read full article

Savings institutions are aggressively cutting staff and shortening hours to be more competitive. As a result they have become more efficient than commercial banks. ... Read full article

More than half of U.S. counties lost access to bank branches between 2012 and 2017, with rural counties that have less educated and minority residents especially hurt, the central bank said. ... Read full article

BB&T and SunTrust had to sell the branches to get Justice Department approval, marking a big step towards closing their merger. ... Read full article

The two previously worked at BNY Mellon in similar roles, Scharf as CEO and Daley as head of public affairs; Michael Johnson’s demotion follows the bank’s massive data breach in July. ... Read full article

Clear communication is critical when banks undergo a leadership or operational change. ... Read full article

The bank is open to adding branches in cities where it has a high population of cardholders and where its largest co-brand card partners are based, Anand Selva, head of the lender's U.S. consumer unit, said. ... Read full article

Credit unions and banks in the Great Lakes State could soon offer driver's license renewal and related services. ... Read full article

Panelists at the ABA's annual conference said that reviewing and updating procedures and marketing tactics can help bring in more accounts. ... Read full article

The Los Angeles bank is taking its wealth management and entertainment financing businesses to Miami and Long Island as part of its effort to expand nationally. ... Read full article