Financial institutions are feeling increasing pressure to reduce operating expenses as margins compress and loan growth slows, and it’s no surprise that they see branch optimization as a sizable source of savings. Given prospects of a “higher for longer” rate environment, however, it is important that banks understand that they face different dynamics compared with the last surge of branch closures in 2020. More important than ever is the need for greater precision in picking the right branches to close and to reinvest some of the savings to drive core customer growth.
In this webinar, Curinos experts cover:
- The changing economics of branch consolidation
- Winning strategies for applying a market-by-market lens to network optimization
- The importance of reinvestment in marketing, workforce and even pricing to sustain customer and deposit growth