Citi is looking to redouble its effort to grow its U.S. branch footprint, CEO Jane Fraser said Friday at the virtual Bernstein Strategic Decisions Conference, according to Business Insider.
“I don’t believe branches are dead yet,” she said. “We will look at some growth in our footprint in the States. You’ll certainly see us having a branch footprint that remains, but we are definitely seeing a lot more dynamism on the digital front.”
Despite being the nation’s third-largest bank, Citi is 15th in branch count, according to Federal Reserve data. It does, however, have nearly five times the branch footprint overseas of any other U.S. bank.
