American Banker, March 9, 2022, Are branch closures on pace for another record year?
Banks are steadily shifting more resources toward their online platforms, where adoption has risen during COVID-19 lockdowns, experts say. As this happens, fewer branches are needed, enabling banks to prune physical footprints and reinvest the savings in digital services. But the trend isn’t universal; credit unions have added new branches in the past year, even as more banks trim down.
