The Charlotte Observer, February 1, 2022, Truist shutting five more branches in the Charlotte area. Is your location closing?
The shift to digital banking, accelerated by the pandemic, has led many banks to reevaluate their brick-and-mortar presence.
“There’s not really a sense of when banks are going to stop closing branches,” said Jason Richardson, director of research at the National Community Reinvestment Coalition, told the Observer this month. “How many bank branches do you really need, if you’re a mid-range regional bank with 80 branches right now, and three quarters of your consumers are working online anyway?”
