Less Is More: Rethinking Your Branch Footprint

11:30 AM – 12:30 PM ET

Banks are now considering selling their branches to a qualified real estate company and then leasing back a smaller portion of the building for their branch operations. Outsourcing real estate ownership and management through sale-leaseback is a proven strategy for banks to increase shareholder value while allowing the bank to maintain a presence in the market, but with a much smaller footprint.

This webinar, co-presented by Jamie Card, Partner, and Bill Yeomans, President of Brookline Branch Services, will discuss the operational and accounting benefits/implications of the sale-leaseback alternative and explore how reducing your bank’s footprint can result in:

1. More efficient use of space
2. More capital
3. More cost-savings
4. More focus on core business
5. More tenants
6. More traffic to branch location
7. More strategic flexibility

After this course, participants will:

• Understand the impact on the retail space and branch longevity
• Understand the reductions that can occur in occupancy costs
• Understand the accounting issues, including but not limited to:
• Revenue recognition under Section 606 impact
• Impact of the leasing standard (842) on the transaction
• Regulatory capital impact
• Use of proceeds

This course offers one credit of CPE. See registration page for details.