Full Service Banking
North Community Bank, a full service bank, is located inside of Lincoln Park Market with the following hours:
Monday - Friday 9 a.m. to 5 p.m.
Saturday 9 a.m. to 1 p.m.
For more information visit: www.northcommunitybank.com.
Lincoln Park Market wants to provide you with the services that help you with daily living "The increase in supermarket banking coincides with a sharp decline in the number of traditional bank branches nationwide, said Doug Ferris, president of National Commerce Bank Services, Inc. "It's a trend that will continue to gain momentum as banks, retailers and consumers recognize the value of the service." There are approximately 2,100 in-store branches in U.S. supermarkets, up from 1,800 in 1993. Some industry experts believe the number will surpass 2,400 by the end of the year.
"Advances in technology are making it too easy for consumers to bypass the traditional branch," said John W. Garnett, executive vice president of International Banking Technologies. "The coming information superhighway, which will make interactive electronic home shopping available in millions of stores." We at Lincoln Park Market know that banking is a very personal and important function of day-to-day living and wish to provide you with this service if you so desire.
As the number of supermarket retailers offering banking services inside their stores continues to soar, financial institutions are now discovering a wide range of options that allow them to open inside almost any supermarket or supercenter. Atlanta-based supermarket branching firm International Banking Technologies (IBT), estimates that as of the end of May 1996, bank branches had opened in 3,708 stores across the country. That is an increase of 18% over year-end 1995.
In the recent past, some bankers coffed at the idea of selling CDs longside cereal boxes. But now, banks of all sizes are checking out the advantages of supermarket banking, or as it's coming to be known, in-store banking. The recently passed interstate branching legislation may well start a feeding frenzy, as banks compete for retail partners in this alternative to building costly brick-and-mortar branches.
The first half of 1994 alone saw the launch of more than 250 supermarket branches nationwide, according to International Banking Technologies of Norcross, Ga. IBT is an in-store bank program developer that provides branch design and construction as well as marketing and training services to financial institutions. At last count, IBT reports, there were 2,191 supermarket branches, reflecting a 25% increase over the year before. Although supermarket branches comprise barely 3% of all bank branches, according to the Federal Deposit Insurance Corp., the rise in supermarket branch openings corresponds with a decline in the number of traditional brick-and-mortar branches nationwide.
Statistics from other trend-trackers are consistent. National Commerce Bancorporation, Memphis, Tenn. (which provides a full range of in-store banking services through a subsidiary), notes that in 1989, when it began officially tracking the supermarket banking trend, there were approximately 675 in-store branches. That number has risen steadily--up to 1,480 in 1992; 1,800 in 1993; and 2,100 in the first half of 1994. So to keep up with growing demands we too offer this service to our clients.