The Questions About Bank Branches That No One Is Answering

In The Myth of Branch Decline, published in TheFinancialBrand.com, the author states:

“Reversing three years of declines, the number of bank branches in the United States increased by more than 250 units in the 2013 FDIC reporting year. Banks opened almost 3,000 branches during the past year, the highest level since 2009. Those opens were offset by more than 2,700 branch closures, a substantial level but still lower than the 3,100 closures of the preceding year.”

SNL reported, however, that “banks slash branch totals in 2013.” According to SNL, the net number of closings was 1,487 (based on 1,076 branches opened, and 2,563 branches closed).

Read more at Snarketing 2.0

The Questions About Bank Branches That No One Is Answering

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