With technology advancements increasingly letting consumers bank wherever they want, including Mount Everest, the future relevance of the branch will hinge on financial institutions finding ways to lure customers into their facilities, according to Umpqua Holdings' Chief Executive and President Raymond Davis.

"The bank branch has to change," Davis says. "It has to entice people to come in. That's a challenge for banks."

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access