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Oregon Business: Bank On It

Oregon Business, April 12, 2023, Bank On It

This new inflation/interest rate environment piles on another layer to the challenges banks already face. For instance, consolidations and closures, a trend since the 1980s, continue. The National Community Reinvestment Coalition reports that 9% of all US branch locations closed between 2017 and 2021. The closure rate doubled during the pandemic when 201 branches closed per month.

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