Despite economy campus banking partnerships grow
Two financial institutions see double-digit increases
College Banking partnerships are alive and well despite a lousy economy. Last year was actually a pretty good one for banks doing business with college campuses in the U.S. In fact, according to CR80News’ annual College Bank Survey, two reported hefty double-digit increases.
Participating in the survey were U.S. Bank, Wells Fargo, Wachovia, PNC Bank, TCF Bank, Commerce Bank and Heartland Campus Solutions/CNB Bank (new this year).
The group as a whole (except for Heartland which had just one institution from 2007) had a net gain in 2008 of 11 campuses, up two over the preceding year. This gain equates to a growth rate of 11% year over year. Include Heartland’s nine campuses for 2008 and last year’s net gain jumps to 19%.
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