If your bank is considering how to expand, de novo branching can provide a strategic and effective approach for expanding your market and increasing potential profitability. Over the past ten years, the industry has recognized the value of a de novo branching strategy and has embraced a “brick and mortar” approach to expansion.
DD&F’s branch network expansion service evaluates the feasibility and advisability of pursuing a de novo branching strategy by identifying and evaluating potential markets, conducting a feasibility study on selected attractive markets, and performing an impact analysis to determine the potential effect of branching on earnings and operations.
If desired, DD&F can also provide assistance by evaluating specific sites for consideration by management and the board, filing the appropriate applications, and assisting with project management through the opening of the branches.
Please contact us if you are interested in exploring de novo branching. We can provide a listing of clients we have assisted in this service area.
Click Here to email our president Randy Dennis.