3. Case Summary Location of the building is very crucial in order to drive the function of an industry. Right location accelerate the break-even point. According to Federal Deposit Insurance Corp. number of bank branches are increased up to 38%. When the building doesn’t meet your demands it means it needs a renovation. Renovation often saves time as we have to renovate existing building.
5. First County Bank They emphasis on building a strong future market Bank expanded their branch network to14 locations in order to serve its growing number of customers. They wanted to enter a growing market location along Stamford Harbor including Shippan Point . Bank ask Brand Partners to conduct a site assessment on existing building as well as on sited property.
6. Allegiance Bank Going from Bland into Bold It was founded in 1999 on the venerable Main Line outside of Philadelphia. They work with Brand partners in order to expand their branches. First site they select was in leased office space along a busy highway in King of Prussia. Box like building transformed into good looking Allegiance Bank Three new building opened within a year help the bank to gain attention.
7. Arizona Bank & Trust Transforming a Concrete Structure They need a design assistance in order to transform all concrete office building into branch and trust operation in Phoenix. The old building has few windows and odd angles but the new one has more modern and simple look.
8. Renovation Examine the schedule, constructing costs and planning requirements. Assess the building’s structural integrity. Identify the desired customer experience. Provide a clear and prominent brand identity Use signature elements on the interior.
9. Conclusion In order to construct a new building or to renovate the already existing building location plays an important role. We have to examine the location whether it is right or wrong. The cost and time also plays an important role in order to construct a new building or to renovate a existing building.
10. Questions??? Is that location of the bank matters? do you think by changing the location of the bank the performance of bank increase. if yes then give me some reasons how it effect.? what is the another example other than banking sector. what impact it had on the customer by changing the location? After considering challenges in both options that is tear down and renovate, what do you personally think which is better option? Take some different types of industries to explain this, where each of these options fit separately depending upon the type of industry?
