Recent economic shifts have created a series of opportunities for institutions to strengthen their existing delivery networks and/or consider expansion given the opportunity to build a new branch or acquire and existing facility.  Whether you’re looking to expand your existing footprint or optimize your existing branch network, our consultants are experts in helping financial institutions manage their delivery networks and plan for the future. 

BRANCH NETWORK OPTIMIZATION

Improving a branch network to better serve customers or members is an ongoing challenge faced by bankers across the country.  Our branch network optimization engagements serve to evaluate existing branch locations and the markets served by those locations; these engagements result in recommendations relative to branch updates, remodels, consolidations and/or closures to more effectively serve a market.  When market voids are identified, we may recommend adding branches; for more information about expansion, see Market Prioritization and Site Selection.  

MARKET PRIORITIZATION & SITE SELECTION

While many bankers are focused on optimizing existing networks, others are presented with opportunities for expansion.  Our process of identifying and prioritizing the most viable sites for expansion starts with a scan of a broad geographic area; the scan helps pinpoint areas of opportunity within that geography.  This is followed by a critical evaluation of the market areas identified in the scan to identify the most viable branch locations at a site-specific level.  

Our delivery network strategies will help you:

• Quantify growth potential available to your institution at each branch location
• Identify branch network voids and overlap
• Better serve your customers/members with the appropriate channels and market coverage
• Prioritize capital for branch improvements
• Make choices relative to acquisitions, branch closures and/or consolidations
• Prioritize potential future markets for expansion and identify the most viable branch sites
• Rank existing and/or proposed branch locations using our proprietary point score

Contact Us today to learn more about our Delivery Network Planning Services