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Trade Publication Article
What's in store for in-store banking?
2009
Overview
According to the FDIC, the number of traditional retail branches in the U.S. grew by 0.4% to 99,546 as of June 30 from 99,164 at June 30, 2008. David Kerstein, president of bank consultancy Peak Performance Consulting Group in Austin, Texas, believes that the slowdown in in-store branching is not only a function of cost-cutting associated with the economic downturn, but may also be attributed to market saturation and the ongoing trend toward grocery store consolidation.
Publisher
SNL Financial LC
