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Despite limiting on-site visits and adding more self-service channels, the industry is forging ahead with plans for hundreds of new or expanded brick-and-mortar locations.January 8
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The New Canaan, Conn., company said it will record a pretax expense of $3.9 million in the fourth quarter related to branch and office closings, severance payments and the end of a vendor contract.December 31
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Bank and credit union groups are pushing to include the industry’s front-line workers in the next priority group, but even as a recommendation is coming soon from a CDC advisory panel, the decision ultimately will be made state by state.December 18
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Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.November 3
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Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.November 3
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With coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities. Observers say other institutions are likely to follow suit eventually, whether they want to or not.October 27
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Whether it was their nimble shift to digital, or willingness to interact in new ways with customers in branches, bank employees have met head-on the business challenges posed by the outbreak.September 30
Consultant and Founderbankmechanics
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A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit.September 24
SVP/group leader, engage productsCO-OP Financial Services
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“What COVID has done for us is it has showed us where to prioritize investments,” William Demchak said at an industry conference in discussing the Pittsburgh company's plans to speed up the shift to digital banking.September 15
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The Liberty Lake, Wash.-based credit union has agreed to buy four branches from the Roseburg, Ore.-based bank.September 11
