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Doom and gloom: The decline in branch activity continues unabated


Doom and gloom: The decline in branch activity continues unabated

According to FDIC statistics, banks are closing their branches at a rapid pace.Gui Yong Nian – stock.adobe.com Store-based branches, a common and popular banking format well into the 2000s, appear to remain trapped in a slow, steady and stubborn downward trend. Although statistics from the Federal Deposit Insurance Corp. indicate that about 2,500 branches remain […]