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How to Close Branches and Drive Deposit Growth

Andrew Hovet, Director – Network Transformation, Novantas
Olivia Lui, Principal – Digital First Banking


With a third rate cut so far this year, margins are compressing, and you know the CFO will be calling for more branch closures. But with all the obvious closures behind you, what do you do next?

Join Novantas experts for an in-depth discussion on how to identify the next set of branches to close. In this webinar, we’ll review the trade-offs a bank needs to evaluate when deciding which branches to close, as well as the re-investments necessary to retain customers and drive deposit growth.


  • The most important metrics to evaluate when considering branch closures
  • The importance of speed when making these decisions. For instance, every month saved in closing a set of 10 branches is worth over $250k in OpEx savings
  • How to re-invest the savings to drive customer and deposit growth

For more information, contact Novantas Marketing

+1 (212) 953-4444