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In recent years, British banks have been selling branch offices and then leasing them back to free up capital.
Mr. Hannon was part of the Bankers Trust management team in 1978 when it reorganized, selling branch offices and switching its focus from consumer banking to investment banking.
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Carteret scrambled, selling branches and increasing its reserves against bad loans.
The bank is also selling branches and assets, including its insurance business Direct Line, which it is preparing for an initial public offering.
RBS, 83% owned by the taxpayer, is also in the process of selling branches under an EU-mandated deal to Santander.
He is selling branches acquired in Tennessee and trying to make good the botched acquisition of CoreStates, a Pennsylvania Bank for which First Union paid five times its book value.
Once it stabilized Gores began selling branches.
Louie Theofanis sells branches and blossom.
Royal Bank had to sell branches to comply with European regulations on state aid.
The deal to sell branches to the Co-op is intricately financed.
The company also closed its Money Store Inc. home-equity lending unit and sold branches as part of a company-wide restructuring.
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