Expansion into San Jose is a wonderful thing long term.
However, starting a branch from scratch will have start-up costs that could impact the bottom line for PPFC is in the short run. It will take some time for the branch to reach the critical mass to become a profit center on a stand-alone basis.
Expansion into San Jose is a wonderful thing long term.
However, starting a branch from scratch will have start-up costs that could impact the bottom line for PPFC in the short run. It will take some time for the branch to reach the critical mass needed to become a profit center on a stand-alone basis.