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Customer Retention During Branch Closures
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Customer Retention During Branch Closures

Customer Retention During Branch Closures

Fintech Nexus Staff·
FintechNews RoundupUSA
·Feb. 13, 2019·1 min read

American Banker profiles OceanFirst Financial which has closed 33 branches but still managed to retain 94% of their customers in locations which closed; the bank has $7.5 billion in assets and attributes their success to surveying customers about their digital experiences and preferences; the bank used this information to create a mandatory 7 week employee training program which trains workers on providing help to their customers on things that were commonly done in branch; the bank has also noted success in engaging with customers in mobile and how that can lead to higher satisfaction scores and retention. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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