Why Bank Branches Are Disappearing in the U.S. — Explained
Автор: Zane
Загружено: 2025-12-31
Просмотров: 1
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Across the United States, many bank branches are closing or being sold as financial institutions shift toward digital services and cost optimization. These closures reflect broader industry trends, including lower in-person traffic, mergers and acquisitions, and changing customer habits — but they also raise questions about access to banking in rural and underserved communities.
Advisor.ca
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Read the latest news on how major banks are selling or closing U.S. locations:
🔗 BMO sells 138 U.S. branches, plans new ones — https://www.advisor.ca/industry-news/indus...
Advisor.ca
And for deeper context on how bank branch closures are contributing to “banking deserts” and access issues:
🔗 Federal Reserve on banking deserts and closures — https://www.richmondfed.org/region_communi...
Federal Reserve Bank of Richmond
In this video, Zane breaks down the reasons behind these closures, the role of digital banking, and the potential impact on consumers and small businesses.
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