[CFrance]

I rarely go into a bank either, but every time I do, there are a lot of people there. I think many simply like to do their banking in person.

I guess the banks are looking at the demographics and making the decision to relocate branches into busier areas.

[TNLAKEPANDA]

There soon will be FIVE banks in Pinellas Plaza. Pinellas Plaza is not a very big center. Are you kidding me... what a wast of real estate. How the heck do all these banks stay in business??? People are not going to deposit lots of money in a bank that is paying less then 1% and all the banks offer free checking. So how to they stay in business? Not much money in making loans. I just got a car loan for 1.29% from a Bank.

[Buffalo Jim]

Originally Posted by CFrance

I rarely go into a bank either, but every time I do, there are a lot of people there. I think many simply like to do their banking in person.

I guess the banks are looking at the demographics and making the decision to relocate branches into busier areas.

In the executive suites of banks there is an old saying about the felt need for branch banks even in the digital age . it goes like this :

' Customers like to visit their money ' .

[JoMar]

And remember that branch's are petty cash to the Wells Fargo's, BAO, Chase etc. What they do show is "presence" which is really what they are marketing. The also take that money that you have in the banks, pay you very little for keeping it, then take it an invest it in what gives them larger returns, market, real estate etc.

[Bigben007]

Living near Pinellas Plaza, I can say I live in "the financial district". Ha, ha

[TNLAKEPANDA]

Originally Posted by Buffalo Jim

In the executive suites of banks there is an old saying about the felt need for branch banks even in the digital age . it goes like this :

' Customers like to visit their money ' .

Well I think I will put $10 in each bank so that I can spend the day visiting

[GrandmaP]

I'll second that!

[GrandmaP]

Originally Posted by Flyinglady

I do hope so, the service and staff at the exiting one are appalling.

Totally agree

[jalopy54]

Originally Posted by Erijo

Is one of the banks coming to Pinellas a Chase?

yes

[MSGirl]

I sure wish Regions would come to Pinellas!

[zonerboy]

70 responses and counting. I guess that should answer the OP's question as to why there are so many bank branches under construction in Pinellas Plaza.

[TNLAKEPANDA]

I wish Arby's would open a branch there!

[sueandskip]

Because its a free country and a bank or anybody else can build where they want if they have the money

[Wiserbud47]

Add Bank of America to the list of banks that are planning to build a branch at Pinellas Plaza.

[shcisamax]

Originally Posted by Beth P

I for one am happy to hear (and hope it's true) that Wells Fargo is one of them. The closest one otherwise is on 466...I live in the far south end.

Actually there is one on 301 just north of 44.