Throughout the 1980s many money-center banks became conspicuous consumers of leased real estate in major cities nationwide in an effort to broaden business lines and get closer to their customers.

In recent years, however, banks have retreated from their regionalization strategies, and innovations like automated teller machines have reduced their need for real estate. In the process, banks are now having to become landlords in their rush to control the cost of surplus office space still under long-term lease.

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