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In-store bank branch rankings

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In-store bank branch rankings

Branchesinside an Asian supermarket chain in California had the leading in-store bankdeposit growth rate, according to S&P Global Market Intelligence's latestin-store branch rankings.  

BetweenJune 30, 2014, and June 30, 2015, the highest in-store branch deposit growthwas generated at the 13 bank offices inside Asian grocery store 99 RanchMarket. Twelve of the 13 offices are run by East West Bancorp Inc., a bank with a focus on ChineseAmericans, in California. Los Angeles-based Royal Business Bank, which also serves the Asiancommunity, owns the remaining 99 Ranch Market branch. East West has had thearrangement with 99 Ranch Market since 2001.

Giant Foods' branches ranked as having the second-highestgrowth rate in S&P Global's rankings. Seventy-eight of the 81 branchesinside Giant stores are operated by Pittsburgh-based

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Approximately5% of the nation's branches are in stores, according to SNL Financial data.They generally hold lower deposits than the typical bank branch. SNL data showsthat in-store branches held an average $15.0 million in deposits as of June 30,2015, while stand-alone retail bank branches held an average of $45.4 millionin deposits. (The calculation of this average caps branches at $1.0 billion indeposits) Deposit growth at in-store branches was behind deposit growth atstand-alone branches, calculated by SNL as 4.33% and 6.66%, respectively.

Wells Fargo& Co. has the greatest amount of deposits at branches insidestores, followed by Providence, R.I.-based Citizens Financial Group Inc. and Minneapolis-basedU.S. Bancorp. WellsFargo's 405 in-store branches are divided between about 50 stores, with themost in Safeway Inc. stores, Albertsons and Vons, which are all part of thesame parent company. Wells Fargo has also closed 22 in-store branches sinceJune 30, 2015.

The most in-store branches are operated by The Woodlands,Texas-based Woodforest FinancialGroup Inc., whose 705 in-store branches are mostly inside Wal-MartStores. Wal-Mart is also the store with by far the most bank branches. Based onS&P Global data, there were 1,381 bank branches inside Wal-Marts as of June30, 2016.

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Wayzata,Minn.-based TCF FinancialCorp., which has the sixth-highest in-store branch count in thecountry, is trying out the use of high-tech, self-serve ATMs inside of storesinstead of staffed branch offices. TCF said Feb. 4 it would 33 retail branches insideJewel-Osco stores by the end of May, but it would them with "full function,image-enabled ATMs."

"Now, this gives us the opportunity to make the branchnetwork more efficient," TCF CEO Craig Dahl said at the company's annualshareholder meeting in April, according to a . "We can still maintaina strong customer experience here." Dahl added that with the closings, thecompany will have reduced its branch offices by more than 20% since 2011.

Overall, in-store branches, like , aredisappearing.  The number of branchesbetween June 30, 2015, and June 30, 2016, has fallen by 269 to 4,798. (Thedeposit figures for the remaining branches are not available for June 30, 2016.The most recent per-branch deposit data available is for June 30, 2015.) Therewere some in-store branch openings in Michigan, but these were almost all casesof Huntington Bancshares Inc.taking over locationsin Meijer stores from JPMorganChase & Co.

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Click for a PDF version of theabove map.

Click here for a template of active in-store branches.

Click here to view a recorded video demo on best practices for bank branch analysis using SNL.

Click here to access a market share tool that allows you to generate market share reports for specific companies or U.S. markets.