Tag: bank branches

Wells Fargo shrinks branches in Q1 | Bank Automation News

Wells Fargo pulled back on its branch footprint as digital and mobile banking adoption climbed in the first quarter. “Our branches are becoming more advice-focused … [and] we are modernizing and optimizing our branch network,” Chief Executive Charlie Scharf said today during the bank’s Q1 earnings call. “We continue to invest in talent, technology and […]

Vaidik Trivedi

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April 12, 2024
Academy Bank’s AI playbook | Bank Automation News

Academy Bank is investing in AI this year to ensure that its operations are more efficient and more useful for the end user. “Our top goal for the year is to innovate for success, and AI is really at the center of that,” Chief Executive Paul Holewinski told Bank Automation News. Academy is owned by […]

Whitney McDonald

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March 7, 2024
DB shifts branch strategy | Bank Automation News

Deutsche Bank completed the IT migration of financial institution Postbank to its network during the third quarter and has decided to shutter nearly half of Postbank’s branches as clients lean into digital banking. The $578 billion, bank acquired Bonn, Germany-based Postbank in 2009 and aims to close nearly 250 of its 550 branches in the […]

Vaidik Trivedi

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November 6, 2023
U.S. Bank to expand | Bank Automation News

U.S. Bank’s investment in digitalization has enabled it to reach beyond its branch network as it plans to expand to seven new markets. The $668 billion bank is expanding to Arizona, Florida, Georgia, North Carolina, New York, Texas and Tennessee, according to its presentation at the BancAnalyst Association of Boston Conference on Thursday. In […]

Vaidik Trivedi

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November 3, 2023
A new era of bank branches | Bank Automation News

Banks are shuttering physical locations as digital and mobile banking adoption rises and footfall in branches dwindles. According to Forrester’s “The State of Digital Banking 2023” March report, online banking is the most popular channel in North America and throughout most of Europe. The report, which surveyed more than 15,000 online adult banking customers […]

Vaidik Trivedi

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October 3, 2023
SVB merger going ‘better than expected’|Bank Automation News

Silicon Valley Bank’s integration with First Citizens Bank is going “better than expected.” Acquiring Silicon Valley Bank (SVB) in March was an opportunity for First Citizens Bank (FCB) to go beyond traditional banking, Christopher Hollins, head of solution sales and delivery at SVB, a division of First Citizens Bank, told Bank Automation News at […]

Vaidik Trivedi

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September 19, 2023
Huntington mitigates spending in Q1 | Bank Automation News

Huntington Bancshares continued its efficiencies push during the first quarter, saying it plans to keep expenses at a 1% to 3% increase over each quarter to offset upcoming economic uncertainty. THE BIGGER PICTURE: The $189 billion bank’s noninterest expenses increased 3% year over year to $1 billion, according to the bank’s earnings supplement. Huntington has […]

Brian Stone

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April 21, 2023