Hawaii’s distance from the U.S. Mainland, the state’s small population and high real estate costs are among the factors analysts say are keeping the nation’s 10 largest banks from establishing a retail presence in the islands.
CNN Money reports Hawaii is the only state where the big banks such as Bank of America (NYSE: BAC), Citi (NYSE: C), Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC), have no ATMs or branches, primarily because of the cost that would be involved in operating in a state that is…
via Honolulu Business News – Local Honolulu News | Pacific Business News of Honolulu http://feeds.bizjournals.com/~r/bizj_pacific/~3/EJLE26pmH_M/distance-cost-keep-big-us-banks.html
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