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How Bank Downsizing Affects Owners

LOS ANGELES—The thought of impending vacant space doesn't have to be a nightmare for the ownership says one source in this EXCLUSIVE Q&A when talking about retail banking locations downsizing their space.

By Natalie Dolce | Updated on February 12, 2015

LOS ANGELES—Although there is still a demand for bricks-and-mortar, banks are continually increasing the amount of their services available online and via mobile devices, and are subsequently decreasing their locational size requirements. That is according to locally based Kyle R. Gulock of Charles Dunn Co., who, over the past couple of years has worked on numerous assignments where banks have downsized, leaving owners seeking advisement. Globest caught up with Gulock to talk with him about this trend.

GlobeSt.com: Retail banking locations are seeing a trend in downsizing their space, can you tell me why this is happening?

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