OneUnited Launches “Bank for the Future” Strategy
OneUnited Bank has announced a new initiative, Bank for the Future, which will refocus their services on online banking. As part of the tech-oriented strategy, the bank is launching remote deposit capture, a Visa business debit card, online chat and a conversion of its online platform. The plan also calls for shrinking the bank’s branch footprint by closing two Los Angeles branches and moving to a new Boston headquarters location. The plan is designed to respond to decreased branch traffic as customers increasingly rely on internet and mobile banking solutions. “Banking is experiencing a new frontier; we need to be where our customers are... In local communities and online!” said OneUnited Bank President & COO Teri Williams.