I’ve discussed in the past how technology has accelerated the adoption use of remote and contactless transactions. You continue to see this as more products and services, such as buy now, pay later (BNPL), have caught on as consumers embrace remote, contactless transactions.
At the same time, enhanced technology is helping more banks and credit unions open branches and offices in far-flung markets, with some located hundreds of miles away from their home turf.
Florida has been a popular destination for many Northeastern banks, including ConnectOne in New Jersey and Meridian Corp. in Pennsylvania, as well as West Coast lenders like Sunwest Bank in California. First Citizens BancShares in North Carolina has a history of opening one-off branches in strategic growth markets.
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