Seems they've been pretty quiet so far.
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Actual branched my have limited cuts, out side of those that get closed, but brabk support...seems like they'll see big cuts. No?
It is rinse and repeat just like BoA because both CEO’s have the same marching orders.
59000 Teammates at merger. Less than 52000 today. Spent all the “synergy” money on tech and buying fintech companies. We certainly have better systems today than we did 🤪
I cannot fathom how we have cut 700-800 branches and the efficiency ratio hasn’t changed. Where has the savings gone?
Branch closures will surely follow. Look at the BofA model. Rinse and repeat. Small markets will be shuttered as the commercial bankers exit. You can see it happening already. The commercial bankers in small to mid sized markets are being either RIF’d or driven out with goals to high to make in these sized markets. Once they’re gone, you may keep 1-2 branches in those markets. It’s coming.
The branches are Donta's baby...they're all safe. They may even decide to build out more branches, because the online stuff is just a fad.
They won’t - branches always are the safest place to be