Fifth Third Bank Closing Almost 10% of its Branches
I say the beginning of a major trend in retail banking and should make some branch bank owners nervous about their BofA, Wells, etc. “long-term” NNN leases… Fifth Third Bank announced it is closing 100 of its 1,303 branches it has in some dozen states. Smartphones, internet banking, scanning deposits, ATMs – when was the last time you went inside your bank? Steve Watkins of The Cincinnati Business Courier has the story here.
Posted on June 24, 2015, in JAX Business Journal, Single Tenant Net Leased (STNL) and tagged branch banks, cincinnati business courier, fifth third, steve watkins. Bookmark the permalink. Leave a comment.