Citigroup Says It’s Open to Expanding Bank-Branch Footprint
Pedestrians walk past a a Citigroup Citibank branch.
Photographer: Lisa Maree Williams/BloombergThis article is for subscribers only.
Citigroup Inc. might be getting in on the branch expansion game.
The bank is open to adding branches in cities where it has a high population of cardholders and where its largest co-brand card partners are based, Anand Selva, the head of the lender’s U.S. consumer unit, told investors at a conference on Tuesday. He presented a slide show illustrating the firm has a high concentration of cardholders and ATMs in states such as Texas, North Carolina and Ohio.