Yahoo Finance, March 13, 2023, Digital Banking Trends In 2023
Between 2017 and 2021, 9% of all branch locations closed down, a loss of around 7,500 branches, according to the nonprofit National Community Reinvestment Coalition (NCRC). A third of those closures were in low- to moderate-income or historically marginalized neighborhoods. Many of these closures were propelled by the COVID-19 pandemic, during which the rate of branch closures doubled.
