The three branch banks
have approximately USD 84m in deposits from First Bank.
This 3.6 million s/f portfolio of properties includes headquarters, administrative and sales offices, branch banks
, stand-alone ATM's and critical operations centers.
The first four years of the Depression are used because this is the most recent period in the United States where both unit and branch banks existed, large numbers of banks failed, and the debate over branching features prominently in the literature on this period.
Branch banks are found to be less likely to survive and to survive for shorter periods of time.
It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios; however, previous empirical research on the Great Depression cannot be reconciled with this view Analyses using state-level data find that states allowing branch banking had lower failure rates, while those examining individual banks find that branch banks
were more likely to fail.
The key challenge for banks will inevitably lie in striking a balance between bricks and clicks--that is, traditional branch banks
and virtual banks.
Proliferation aside, supermarket branch banks present tempting robbery targets because their tellers tend to have more money in their cash drawers than tellers at traditional branches, says Bill Rebder, a security consultant and former head of bank robbery investigations with the FBI's Los Angeles field office.
Data gathering began in mid-1999 with an FMI survey of 8,930 supermarkets representing 2,376 branch banks. Respondents said they planned to add 358 in-store branch banks in 1999 and 798 within two years.
"What we hope we've done is come up with a financial services format for everyone--from kiosks, to semi-automated installations to full branch banks
," he says.
Mayfield has been using E*News almost since its inception, and the delivery of Daily News to the marketing staff is only practice--until he can send electronic-mail news to people in branch banks
throughout the Commerce Bancshares system.
To win Giannini's affection, Corcoran had togain Federal Reserve Board approval of the Bank of America's plans to acquire 25 branch banks
"By the end of last year, there were branch banks
in approximately 2,500 supermarkets," he says.