Independent Banker - July 2020 - 12

CURRENCIES
The Ledger
Branch
banking
Branch
vs.
digital:
Who
prefers
what?
Community banks
provide banking
services on a variety
of platforms, both in
person and digital.
Rather than relying on
one way to bank, most
of today's customers use
a combination of online
and in-branch services.
Here's a look at four
customer profiles that
exist along this physical
and digital spectrum.
10%
of customers
44%
of customers
Branchdependent
digital
customers
Two
or three branch
visits every three
months and some use
of online and mobile
banking
Satisfaction score:
823 out of 1,000
13%
of customers
28%
of customers
Who's
the most
satisfied?
Branch-dependent
digital customers.
They rate their
satisfaction at
823/1,000
12 Q ICBA Independent Banker Q July 2020
Digital-centric,
branch-using
customers
Digital-only
customers
Only use online and
mobile banking
Satisfaction score:
791 out of 1,000
Digital banking
One branch visit every
three months and use
of online and mobile
banking
Satisfaction score:
808 out of 1,000
Branch-only
customers
Only visit branches
Satisfaction score:
804 out of 1,000
Source: J.D. Power & Associates consumer survey data published May 2019

Independent Banker - July 2020

Table of Contents for the Digital Edition of Independent Banker - July 2020

Table of Contents
Independent Banker - July 2020 - Intro
Independent Banker - July 2020 - Cover1
Independent Banker - July 2020 - Cover2
Independent Banker - July 2020 - Table of Contents
Independent Banker - July 2020 - 2
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Independent Banker - July 2020 - Cover3
Independent Banker - July 2020 - Cover4
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