Bank branch closures Archives

Banks Closed Branch Locations At An Alarming Rate As US Economy Reopened

By NCRC / December 16, 2022 / Press Releases / 2 minutes of reading

The reopening of the US economy did not discourage banks from closing physical branch locations at an aggressive pace, new research from the National Community Reinvestment Coalition (NCRC) has found. “The banking industry is withdrawing from the most vulnerable communities in the country at an astounding clip despite the resumption of normal economic activity in […]

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ABANDON SHIP: How Banks Closed Their Doors As US Economy Reopened

By Jason Richardson and Adam Rust / December 15, 2022 / Research, Views / 8 minutes of reading

In 2022, banks continued closing branches at a breakneck pace – further impairing recovery in neglected communities.

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Study: Banks doubled the pace of branch closures during the pandemic

By NCRC / February 16, 2022 / Press Releases / 3 minutes of reading

Since the pandemic reached our shores in March 2020, 4,025 branches have closed — an average of 201 branch closures per month. This was beyond our prediction and calls into question the future of bank branches as the principal conduit for access to financial services.

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The Great Consolidation of Banks and Acceleration of Branch Closures Across America

By NCRC / February 16, 2022 / Research / 22 minutes of reading

In the ten years from March 2010 through March 2020, there was a net loss of 11,820 branches in the US, an average of 98.5 per month. Since the pandemic reached our shores in March 2020, 4,025 branches have closed — an average of 201 branch closures per month. This was beyond our prediction and calls into question the future of bank branches as the principal conduit for access to financial services.

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Report: Even while thousands vanished, local bank branches remained critical for small business lending

By NCRC / March 17, 2021 / Press Releases / 2 minutes of reading

From 2012-2018, big banks got bigger, and 8,872 local branches closed. But in most counties, small business lending was still dominated by banks with branches within the community.

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Bank branch closures continue at alarming pace

By NCRC / December 14, 2020 / Press Releases / 2 minutes of reading

There was a 5.13% loss of bank branches across the United States from 2017 through the third quarter of 2020, a new analysis found.

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Bank branch closures

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