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.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on June 24, 2015, in JAX Business Journal, Single Tenant Net Leased (STNL) and tagged , , , . Bookmark the permalink. Leave a comment.

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