Technology has shifted much transactional banking online, prompting less commercial real estate demand from financial institutions nationwide, including in New Mexico.
The state’s top bank in local assets, Wells Fargo, cut its New Mexico offices from 90 to 85 over the past year. Only two of the Top 25 banks on ABF’s List — Bank of the West and Hillcrest Bank (formally known as Peoples Bank) — added branches. Bank of the West now has 22 branches after adding one, and Hillcrest Bank went from…
Source: The Business Journal
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