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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

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