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Regional Banks Play Catch-Up with Branch Closures

Paring back branch networks is a quick way to cut costs. But executives at large regionals are reluctant to make such cuts until they have found a way to thrive at other delivery channels.

The banking industry has a lot of room to close more branches, even after shuttering thousands of offices in recent years.

“Fundamentally, the industry is at an overcapacity,” said Kevin Travis, a managing director at Novantas, a consulting firm. “There’s too much infrastructure, with too many players and too many expenses chasing too little revenue.”

Read the full article at American Banker

For more information, contact Novantas Marketing

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