Supermarket branches are an increasingly popular way for banks to reach new customers and provide greater convenience to existing ones.

But clearly the strategy is not for every bank. In 1988 and 1989, Cole Taylor Financial Group Inc., Wheeling, Ill., opened branches in three warehouse food stores in and around Chicago. By 1992, the bank had closed them all.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.