"If you want to develop commercial lending activity, it's not really necessary to have branch distribution that was once thought necessary," said Arthur Loomis, president of Latham-based bank consulting firm Loomis & Co.
That's not to say all branches will soon be gone.
Despite emerging remote-capture technologies, it's still helpful for companies to be able deposit checks at nearby branches, Loomis
But "banks are being forced to confront situations where it's a luxury to have people and branches," Loomis
said, and if foot traffic continues to decline, they may be "better cutting hours, consolidating branches or reducing the head count."