The future of consumer banking contains fewer and different branches, according to a new report and a CUSO executive.
The financial analysis and consulting firm SNL Financial released a report Nov. 5 showing banks nationwide shuttered 390 branches in the third quarter of 2013, continuing a year-long trend.
According to the firm's data, banks have closed a net 1,343 branches since the fourth quarter of 2012, with SNL blaming the shift on more mobile and online transactions, and an increase in bank mergers.
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