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Banks Located Inside Stores

Today I attended the grand opening ceremony for Fifth Third Bank inside of a Kroger Store in Raleigh, NC. It was my first ribbon cutting ceremony so that was interesting in itself. But I’ll save those comments for a later day.

The comments made by Kroger’s management and Fifth Third Bank management got me to thinking. How successful are the banking locations located inside popular grocery stores? One of my former businesses banked at SunTrust so I did find it highly convenient that SunTrust had locations inside Publix grocery stores in the Atlanta metro area. They stayed open later. They were highly convenient. I could grab a banana or some baked goods on my way out!

I’ve also seen banks inside Walmart. (Is that a bank partially owned by Walmart. Forgive my powers of observation. Since I don’t bank there, I have not paid the name much attention!) Always, I see a fair number of people inside of these banks or standing in line within the store during the bank’s hours. And banks don’t have the level of overhead that they’d incur from owning a stand alone location.

Does anyone know  the comparison statistics on performance for banks located inside grocery stores vs. stand alone banks? Please share …or you will force me to do research and report back!

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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