Branch network

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.

The Summerville, S.C.-based institution will also close two branches as part of a broader strategic effort to better service members.

COVID-19 diagnoses in McKinley County, which includes Gallup, account for nearly a quarter of the state's cases. That has forced officials to take drastic action.

Credit unions moved quickly to reduce branch access as the coronavirus crisis worsened. The harder decision will be when and how to begin lifting those restrictions.

The Georgia bank could rely more on drive-through-only branches, trim office space and reassess staffing levels after the coronavirus crisis, according to Kessel Stelling.