Future Branches 2019

November 18 - 20, 2019

Hilton Austin, Austin, TX

Ray K. Ragan, PMP, AVP, Project Management at Vantage West Credit Union

Ray K. Ragan

PMP, AVP, Project Management
Vantage West Credit Union

Check out the incredible speaker line-up to see who will be joining Ray K..

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Day One: Plotting and Designing an Efficient and Cost Effective Network

Wednesday, November 20th, 2019

1:45 PM Case Study REMIX: Strategy to Execution: How Vantage West CU Put into Action Their Phoenix Expansion Plan

After the market crash of 2008, financial institutions everywhere felt the need to start closing branches to save money. It would reduce rent prices and staffing prices and would account for the rapid move to digital banking that was starting to make some of those branches irrelevant. The rampant shuttering of branches has slowed down in the past two or three years and now, banks are even starting to open some branches. Why? Because branches still remain the best way for a bank to enter a new market and they are the biggest sources of revenue for a bank. Join this session to hear about the strategy behind adding new branches to your footprint and what best practices are:
•                      The reasoning behind adding branches to your footprint
•                      Understanding the strategy behind where new branches should be located
•                      Knowing how many you can add given the current trend of closures