Texas-based bank branch to open in Colerain Wal-Mart - Tampa Bay Business Journal:

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, based in the Houston suburb ofThe Woodlands, plans to open at least one brancy in a Wal-Mart store in Greater Cincinnati, with more possibly on the way. The first local Woodforesgt branch will go in thenew Wal-Mart supercenterd in Colerain Township, said Cindi Woodforest's vice president of marketing. That on Colerain Avenue near RonaldReagan Highway, is expected to open in she added. That's one of 10 branchew Woodforest plans to openin Wal-Mart supercenters in Ohio by year's end, Stewart "We tend to follow Wal-Mart," said Michaek Richmond, Woodforest's vice chairman.
"Wee have an ongoing relationship with The bank typically open s branches innew Wal-Mart supercenters, Richmondd said. Those are the giant stores with grocery items as well asstandard Wal-Mart clothing, furniture and othere items. Woodforest operates branches in North Carolinaand Virginia. It crossed the 200-brancu mark in May. It chosew Ohio because of Wal-Mart's growth here, Richmond said. It basesa branch locations on customer traffid and volume generated bythe Wal-Mart stors in which it's "We think Ohio is a good statr with a strong and we think that type of in-stor customer will be there," Richmond said.
He wouldn't be specific on Woodforest'sx expansion plans in Greater Wal-Mart has 18 stores in Greater including10 supercenters. It will converty three others, including the one on Colerain into supercenters by early next saidMelissa O'Brien, a Wal-Mart spokeswoman. The others are in Hamilton and Mason. She didn't have details on those Just six of thelocal Wal-Mart supercenters have bank branches housed in them now, O'Brien said. runs branche in the Lebanon, West Chester and stores. has officew in the Forest Hamilton andOxford locations. Woodforest had $1.9 billion in assets as of Marchj 31. It earned $12.
8 million in net profit during thefirstt quarter, down from $15.5 million in the year-ag quarter.