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Washington Business Journal quoted D.C. Policy Center Executive Director Yesim Sayin Taylor in an article about the declining number of bank branches as their impact on small businesses:

Some believe a change in mindset is required: A bank branch, even if unprofitable at a particular outpost, can increase the brand’s overall name recognition or generate good will in a community, said Yesim Taylor, executive director of the D.C. Policy Center.

District-based Moxy Holdings Inc. hopes to break the region’s 10-year drought of new bank formation by offering a new take on banking — a subscriber-style approach with a physical location near the Potomac Avenue Metro station at 1301 Pennsylvania Ave. SE. It plans to couple a digital approach with live teller meetings and a high-touch experience in return for a $3.99-per-month fee. Led by CEO and Carolina Premier Bank veteran Casey Mauldin and Chairwoman Melissa Bradley of Project 500, Moxy Bank said it hopes to appeal to underbanked populations with a more mobile experience, as well as wealthier people looking to forgo the series of fees that often greets them elsewhere.

Read more: The disappearing bank branch: Fewer branches mean fewer loans and fewer options for small businesses | Washington Business Journal

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