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Financial institutions need to have good digital offerings, but they also need to find ways to stand out from the crowd. That's why branches will remain a crucial home base.
January 8 -
Disciplined pursuit of acquisitions and efficient management of a complex business model have earned Mick Blodnick, the retiring CEO of Montana's largest bank, a spot as one of American Banker's three community bankers of the year.
December 18 -
For the first time since December, banks appear to be holding the line when negotiating rates on consumer and commercial loans. The tradeoff, however, has been decelerated loan growth.
October 7
Predictions for a massive winter storm in the Northeast have prompted banks in the region to close branches and delay earnings calls.
The National Weather Service on Monday
"This will likely be one of the largest blizzards in the history of New York City," Mayor Bill de Blasio said in a press conference Monday afternoon. "I'm asking everyone to understand that, and to prepare the accordingly. This is not going to be like other snowstorms."
JPMorgan Chase closed all of its retail branches in New York, New Jersey and Connecticut at 3:00 p.m., a company spokeswoman said. The branches be closed Tuesday, with the exception of about 50 branches in Syracuse, Rochester and Duchess County.
Citigroup also closed its Tri-state and Boston branches at 3:00 p.m. The branches will also be closed Tuesday, and the company has also increased staff at its call centers to handle added volume.
"We are closely and continuously monitoring conditions and will adjust operations accordingly," a company spokesman wrote in an email.
Smaller regional banks are also taking precautions ahead of the storm. Popular Community Bank
Some banks, including New York Community Bancorp in Westbury and Washington Trust Bancorp in Westerly, R.I., postponed the release of fourth-quarter financial results. Washington Trust will reports its quarterly numbers Wednesday afternoon, while New York Community will release its results
