First Republic Bank opening new offices as big banks shutter more branches - San Francisco Business Times

Bank branches appear to be on the same journey as once-ubiquitous phone booths — and they’re suffering from the same culprit: mobile phones.

Major banks are moving away from handling transactions in bank branches, often opting for smaller branches that are more conducive to addressing complex financial needs such as home mortgages and wealth management services. First Republic entered the Seattle market last year, with the opening of a branch in the affluent community of Bellevue, Washington.

First Republic plans to open six offices over the next year or so in markets where it already operates, President and CEO Mike Roffler said on the bank’s latest earnings call.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

How San Francisco's office vacancy rates compare to other cities - San Francisco Business TimesS.F. has the highest office vacancy rate of major cities in the U.S., but not by much.
Herkunft: SFBusinessTimes - 🏆 78. / 68 Weiterlesen »

Friday Digest: Salesforce names new directors; Chevron banks record profits - San Francisco Business TimesMeanwhile, a San Francisco-based developer has paid $28 million to acquire the site of the only large residential project approved in Burlingame in 2022.
Herkunft: SFBusinessTimes - 🏆 78. / 68 Weiterlesen »