Consumers, but not banks, are open to consolidated financial relationships.

• Author: Albro, Walt
• Position: Figuratively Speaking - Brief Article - Illustration

Average number of financial products owned by U.S. consumers 10.1 Average number of financial institutions with which the consumer deals 4.2 Percentage of consumers who expressed a desire to consolidate these relationships with one institution 70 Percentage who believed that a single financial institution could meet all their financial needs 20 Source: TowerGroup 2003 Percentage of community bank executives who anticipate hiring more employees in 2004 58 Percentage who anticipate "significant" new hiring 5 Percentage who anticipate "slight" new hiring 53 Source: Grant Thornton's Eleventh Annual Survey of Community Bank Executives, 2003 Percentage of community banks using websites with Internet banking 54 Source...