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'Lobby-jamming transactions' to disappear due to technology.(Industry Overview)
Traditional means of banking will continue to fade in 1996 as technology makes it easier to transact business and bankers take on more sales-oriented roles.
Thomas Yochum, president and CEO of Barnett Bank of Central Florida, says the number of bank tellers will keep shrinking as electronic banking becomes more widespread.
"All those classic, lobby-jamming transactions are disappearing," Yochum says. "There are fewer and fewer man-powered transactions. In the next few years, there will be a decline in the number of full-service banking offices in favor of ATMs and smaller offices. It will be a natural evolution, not a revolution, of fewer tellers."
Some of …
