A lot of observers see banksclosing more branches in the future. The challenge is picking wherethose branches will be.
There are a lot of guesses, butfew known strategies.
"There is no one size fits all asto what bank branch is going to close," says Noah Shaffer, seniordirector of asset management for Confidant Asset Management."People say, 'If it doesn't have a $100 million in deposits,they're going to close it.' That's not true, and sometimes theydon't close branches with far less than $100 million in deposits.And sometimes they've closed branches with more than $100 millionin deposits."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
