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BANKING ON BRANCHESIn financial institutions' increasingly digital world, brick-and-mortar still thrives

Jul 08, 2019 - Crain's New York Business

In the 1940s Kenneth Ousey built a family business by installing bank vaults across the city. Today his son Paul is taking them out.

"It's what we do every day," said Paul Ousey, the fourth-generation owner of OZ Trucking and Rigging, whose workers spent three days last week dismantling a 70,000-pound concrete, steel and rebar vault in a Larchmont bank branch.

The spree of destruction is a sign of the times: Bank branches seem increasingly obsolete as people handle more of their fina...