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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.