Branch banking

Banks are looking to reduce their consumer credit risk exposure in the face of high unemployment; the drop in branch transactions is causing banks to rethink how many they need.

Prior to the outbreak, members were banned from covering their faces inside branches for security reasons. Now institutions must devise ways to keep everyone healthy and safe.

Digital banking has ramped up during the coronavirus lockdown but customers will seek somewhere to go as cities reopen. A branch could provide that safe haven.

Faced with limited growth opportunities and potentially mounting loan losses, banks are getting aggressive — and creative — to boost profits.

Financial institutions are trying to determine how to best protect branches as some demonstrations following George Floyd's death turn violent.

Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.

With the pandemic putting Plexiglas in short supply, Joe McDonald called up a local source: a former classmate.

Some credit unions have closed branches as demonstrations continue following the death of George Floyd last week.

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.

After nearly two decades with the company, Hanisch is the longest-serving member of the executive team at CO-OP Financial Services.