New Analysis from Market Rates Insight Reveals that Local Bank Branches Produce Most Deposits


Nearly 90% of bank deposits are made through local branches by people in the region, and each regional branch adds an average of $116 million

(I-Newswire) August 13, 2009 - SAN ANSELMO, Calif. (August 13, 2009) - A new analysis from Market Rates Insight (MRI, www.marketratesinsight.com), a leading research firm that tracks rates for deposits, loans, and fees for financial institutions, reveals that despite the growth of online banking, there is a very strong link between the number of bank branches in each city and the deposit balances banks generate in that city. Moreover, the correlation is so strong that the report shows that the national average for adding one local branch will increase deposits by $116 million.

The analysis was conducted following the latest announcement of a 10-percent branch reduction initiative by a major national bank. The report shows that, despite the growth in remote-banking alternatives, nearly 90 percent of all bank deposits are made by people living in the region. The analysis examined the linear relationship (regression) between the numbers of branches in 371 different cities with the corresponding deposit balances in those same cities.

The findings also show that it is highly probable that changing the number of bank branches in any city will have an impact on the amount of deposits a bank has in that city - $116 million per branch on average, although this figure will vary from city to city. The raw data contains information about branches and deposit balances for 10,577 Federally-Insured institutions and was obtained from the FDIC's Summary of Deposits (October 2008).

"There is always room for right-sizing of a branch network to increase efficiency" said Dr. Dan Geller, Executive Vice President at Market Rates Insight, "however, our analysis shows that overall, the higher the number of local branches, the greater the amount of deposit balances in the same location."

The complete analysis can be viewed on the Market Rates Insight website at this location: http://marketratesinsight.com/docs/sr.pdf

About Market Rates Insight

For more than two decades, Market Rates Insight (MRI) has been helping subscribers price with precision by providing banks, thrifts, credit unions, and other financial institutions with accurate market intelligence on deposits, loans, and fees. MRI uses deposit surveys, mortgage and consumer loan surveys, fee and feature studies, scanned ads, new product alerts, and market share and money fund reports to give subscribers the intelligence they need to profitably react to emerging trends. MRI's products include customized, web-enabled market research tools that report on rates, as well as online searchable databases, gauges, alerts, and dashboards that aggregate key client data to provide real-time views on how they stack up against market competitors.

Market Rates Insight is located in San Anselmo, California. For more information, see www.marketratesinsight.com.

Contact:

Dr. Dan Geller
Market Rates Insight
415-448-8813
Dan.Geller@MarketRatesInsight.com

Tom Woolf
Market Rates Insight
(415) 259-5638
tom.woolf@marketratesinsight.com



Company Contact Information
Tom Woolf




Archive

August 13, 2009

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release. The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies / PR Agencies submit their press releases once per week/month or quarter, make sure check the official company website for accurate release dates as our site displays the I-Newswire.com distribution date only. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.


Related Releases

Relish The Interesting Stories Of Amar Chitra Katha At Unbelievable Price On Infibeam

Get the best collection of Indian stories published by Amar Chitra Katha at infibeam, an online shopping website at an unbelievable additional 15% off.

Lamb of God Partners with Specticast for Worldwide Theatrical Distribution of "As The Palaces Burn" Documentary Film

As The Palaces Burn is a film about metal icons Lamb of God, the zealous passion of their fan base, and the gut-wrenching manslaughter trial of lead singer Randy Blythe.

Mervik Haums Publishes Free Infographic To Explain Affiliate Marketing

An Infographic is by far the best way to demonstrate any idea or marketing plan. As it is a visual representation of information, data and knowledge, the viewer get a very clear idea about whatever the graphic is built for.

86.7% Of People Think It Is A Good Time To Be Investing In Adelaide Property

Adelaide Finance Brokers Urbantech Group recently ran a survey on their website. They asked the simple question: "Do you think it is a good time to be i

The Metro Joins The Hunt For Santa With Ted Burns

Ted Burns, the host of Third Degree, is searching for Santa, also known as the Yuletide Yobbo. And now he's got the support of the Metro, the UK's leading free newspaper.

Latest 10 Headlines

Key West Florida Celebrates Latest Hurricane Forecasts For 2014

Exposed as it is in the middle of the Gulf of Mexico, Key West, Florida is dangerously affected by hurricanes. The latest news is letting the residents breathe a sigh of relief.

Twitter Inc (TWTR) Tweets Strong Performance on Twitterer Growth, Hansen Medical (HNSN) Robot-Assisted Uterine Artery Embolization Procedures Feasible

Twitter Inc. (TWTR) reported strong financial and operating results, above Wall Street's expectations

Key West Florida Helps Serve Those Who Serve For Us

The Wounded Warrior Project has become one of the most notable service organizations for returning soldiers, and Key West is doing its part to help raise money and awareness with an annual softball tournament.

Celebrate The Life Of Key West, Florida's Most Famous Literary Resident

Ernest Hemingway is one of the world's most famous authors, and for many years, he made his home in Key West, Florida. Every July, Key West (and the world) honors him with the annual Hemingway Days.

Using Social Media To Share The Message And Celebrate a City

In order to plan the perfect celebration of a city's upcoming birthday, community leaders are turning to online discussions to find out what the people want.

Coronary Angiography Procedure Abroad - Simple and Inexpensive Way To Do Diagnostics

Coronary Angiography is a procedure to examine the blood vessels of one's heart in order to diagnose suspected heart disease, or confirm the results of other diagnostic tests.

LaSalle Network Named a Fastest-Growing Staffing Firm by Staffing Industry Analysts for 2014

Local Staffing Firm Recognized On Revenue-Based List for a Third Consecutive Year

BlogPlacements.com Is a Unique New Tool for Music Promotion

BlogPlacements.com is the first service to get artists and producers written about in blogs by distributing a showcase of their music to hundreds of targeted blogs at once.

Nordstrom Coupon and Other Shopping Deals Point of Focus For New Consumer Based Site

SpendLessAndSaveMore.org seeks to provide consumers discount deals on a wide variety of products and services.

Alpha Lipoic Acid by Popular Supplement Manufacturer Now Available on Amazon.com Marketplace

A product of Superior Labs, the pure and natural antioxidant and energy-giving supplement also comes with a 60-day money back guarantee.

Helpful Articles

Increase Website Traffic By Using Press Releases
Write A Press Release For Big Time News
Get Backlinks From Press Releases
How To Write A Press Release Quick And Easy
Choosing A Press Release Service
Writing A News Press Release
Get More Traffic From Press Releases
Is A Press Release Service Worth It?
Effective Press Release Distribution
Create a Successful Online Press Release
Submit A Press Release and Get More Traffic
How To Write A Press Release
Check This Before You Send A Press Release
Using A Press Release Service For Your News Release

Our Services:

Submit Your Free Press Release Now.

Open Now:
Online Classified Ads at I-Newswire.com
Job Search Engine at I-Newswire.com
Car Search Engine at I-Newswire.com
Real Estate Search at I-Newswire.com
Website News Releases, Announcements and Updates

Other Cool Sites:
Breaking and Latest Automotive News
Learn the secrets on how to become an alpha male and how to meet girls on facebook at Dating-To-Mating.com. Check out the best spinner and instant article factory for your content writing needs.