The financial analysis and consulting firm SNL Financial has released a report showing banks nationwide shut 390 branches in this year's third quarter, furthering a year-long trend.
According to the firm's data, banks have closed a net 1,343 branches since the fourth quarter of 2012, with the firm citing the shift to more mobile and online transactions and the increase in bank mergers for the trend.
(Click on image at left to expand.)
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
