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“It’s a combination of economic activity, land use and geography,” said NCRC director of research Jason Richardson. The nonprofit coalition advocates for private reinvestment in underserved communities.

“There is a very tight relationship between business lending and branch locations,” Jason Richardson, director of research at the National Community Reinvestment Coalition, told Banking Dive in February. “Part of that has to do a lot with the way that business lending works, where a lot of it is very relational. Business owners get to know the manager or the business specialist at a local branch.” 

“When local branches close, those relationships are lost, resulting in the loss of credit that local businesses need to thrive,” said Jason Richardson, Director of Research and Evaluation at the National Community Reinvestment Coalition.

Critics contend that bank regulators should be doing more to keep rural branches open. “It’s really common to hear, even from regulators, that people don’t need a bank branch anymore,” said Jason Richardson, director of research at the National Community Reinvestment Coalition.

According to Jason Richardson, one of the study’s authors and the director of research for the National Community Reinvestment Coalition, “We’ve also shown that revitalization of struggling neighborhoods is unevenly distributed. The big investments that fuel gentrification and cultural displacement didn’t reach most of the nation’s poorest neighborhoods and rural areas.”

“What stands out with Baltimore compared to other areas is that most of what gentrified … was mostly areas that were already white,” Director or Research for the National Community Reinvestment Coalition Jason Richardson said. “There was a very limited amount of black displacement just because black neighborhoods weren’t gentrified.”