Here's a look at the progress of construction on the new Citibank branch at 8101 Wisconsin Avenue in downtown Bethesda. A large signage unit has been erected on the property, but it is blank for the moment. The exterior of the building appears to be nearing completion. This was previously a TD Bank.
3 comments:
French cafes, pizza joints, coffee places and I forgot, banks. I haven't been inside a bank in at least 5 years. People are retail banking I suppose. They're everywhere and every size. Hmm.
Isn't that block also about to be redeveloped soon? It will be like musical chairs for the next couple of years.
Banks set up branches in high wealth areas to attract deposits and cross sell other products. They are also still necessary for dealing sometimes with joint accounts and transfers upon a death in the family. But overall, branches are declining.
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