Do you have a specific site in mind for opening or building a new branch? Are you considering acquiring an existing site of another bank or credit union?
The Lancaster Group can evaluate the site and tell you whether or not it will be a profitable move for your institution. We will take the guesswork out of deciding on whether or not to obtain a site for expansion by performing predictive analytics and models based on deposits, loans and propensity for the needs of products in the said area. But we not only look at the numbers, we will closely analyze this site to make sure it is a prime retail location for future growth, right down to whether or not it is on the correct side of the road for your customers and potential customers.
There are so many factors that go into making a specific site profitable, and something as seemingly insignificant as the elevation of a property can have a great effect on its performance. These details cannot be evaluated via the Internet and spreadsheets alone. Our experts will come to your location and personally evaluate your specific site or sites that you are considering so that you may be sure you make the best decision for your institution. Contact us today for a free quote.