Branch banks: Navigating a sea of industry change

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United States | Banking Outlook | 2017
Branch banks: Navigating a sea of industry change

To receive the full report, email the Minneapolis Tenant Representation Team

Five changes on the horizon for branch banks

Branch banks growth map

Branch banks growth and retraction map

1 The number of branch locations will continue to shrink – and we won’t miss them – as banks optimize market needs.

2 Mobile apps and the broader applications of FinTech will streamline personal and business banking, seamlessly changing how customers use branches.

3 Banks will shrink branch sizes, saving billions in real estate costs annually, as they refocus to meet changing consumer behavior.

Growth and decline in branch banks deposits by state

Growth and decline in branch banks deposits by state chart

4 In the future, not all branches will be created equal as banks tailor branches to meet customer needs and demographics – from a handful of full-scale operations to much smaller locations for basic transactions.

5 Automated branches are coming – as public acceptance gains traction, expect to see greater use of “centralized” tellers to handle basic transactions.

 

To receive the full report, email the Minneapolis Tenant Representation Team
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