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Night of the Zombie Branches: Rescues Possible?

The U.S. banking industry is facing a burning issue that may well determine the future of many institutions over the next few years. The problem is a huge overhang of “zombie branches” that were crippled during the recession and may never return to financial viability under current ownership. Like the living dead, these failing units have all the appearance of a normal branch, but no pulse. Based on a recent Novantas analysis of the entire U.S. branch system, nearly 16,000 outlets, or about 18% of total branches, may need to close over the next three years. This poses a major ...

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