"The boom in branch banking is over," he said.
Most of her work was in branch banking.
With branch banking not allowed at the time, he began or acquired several other banks as wholly owned subsidiaries.
The big banks have set out to improve branch banking because they know they need a stable base of consumers.
Wal-Mart has long insisted that it was not interested in branch banking but was looking to use the bank as a way to save money.
Midas was focused on its traditional strength of international branch banking in the world's financial centers.
The consumer banking business, which includes credit cards and branch banking, earned $234 million in the second quarter, up 34 percent from a year ago.
In the Citibank model, some staples of branch banking have disappeared.
The next year, he moved into branch banking, holding a number of positions.
Capital One's strength has been in credit cards and direct marketing, not branch banking.