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Everywhere I've lived, it seems banks flock together like geese. If one opens a branch, seven others have to follow
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One kid banks at Chase; the other banks at BOA; we bank only online. If Chase & BOA open up in Pinellas, I will be one happy camper. Happy, easy birthdays and Christmases.
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I guess you can never have too many banks.......
Maybe they are going to be like car dealers, several clustered in a single area.... |
I think it's a herd mentality. Once a bank decides to move into an area all the other banks feel they have to be there or lose their customer base to the one that's closest to its customer base.
It's the same reason some corners have 4 gas stations, an Exxon, a Shell, a BP and probably an off-brand like Raceway. |
In my earlier post, I referred to the First Street United Bank as being one of the three banks currently under construction. Actually it is the First Avenue National Bank.
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I just wish that one of the new banks would be TD Bank, formally Commerce Bank, and one of the best customer service focused banks around. Advised their hdqts that they are missing an opportunity in TV.
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Good Looking
I for one am happy to have banks being built.... they usually keep their properties in very good condition... no loitering .... and pleasing architecture designs... beat fast foods for quality looks of our community
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I think some banks are smart to be conservative about opening new branches. How many new customers and money will they draw or will they just be servicing existing accounts that were opened in the north? They don't make money servicing. The only time I need to go into a branch is to go to my safe deposit box about once a year. We have income on direct deposit, bills on auto pay or e bill pay, a debit card for cash, I can electronically transfer between banks and send money to kids, and if I need to deposit a check I can do that with my smart phone.
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Chase bank
I too spoke with the manager of the Chase branch on 441 by Lowes and she told me that a branch would be opening in the spring, 2015 in Pinellas Plaza. The Distric.gov web site shows a planning map of Pinellas Plaza and that map shows the branch scheduled to be built next to the new Marathon gas station. Not sure how old that plan is and if it's still on schedule. However, as a Chase account holder, I went one step further and contacted a Chase online rep and posed this question to him and his reply, which he confirmed twice, is that his records show that no Chase branch is scheduled to be built there. Not sure who is right and who is wrong but I sure hope that Chase does open a branch there. Would be very convenient for many acct holders
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