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inside a bank branch Source: Germanii/Shutterstock.

Branch counts are shrinking but deposits are growing, and that’s making “location optimization” a key focus for financial institutions, according to new research from Chicago-based real estate and investment management firm JLL.

Research in the company’s recent “Branch Banking 2020” report indicated that banks have closed more than 13,200 branches in the last 10 years, 1,700 closures of which occurred in 2019 alone. The 25 largest banks closed about 1,450 branches in 2019.

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Tina Orem


Credit Union Times

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