I don't know about other places, but in the city closest to me, the three biggest banks all built even BIGGER buildings last year and moved their operations. Now their old smaller branches are for sale.

Thanks for the good news

[sync]
https://anonup.com/thread/...

I'm a loan officer and we still work from home and probably won't ever go back into the office. I hate it.

A phizer building is evacuated and empty, was it in Alabama?

Wow = just wow!

https://www.fdic.gov/resou...

Most banking transactions can be done via ATM, online, or through an app. The need for a physical bank building has diminished. This is simple economics.

Banks are selling owned portfolio properties or letting leases lapse to setup in retail strip mall or other buildings to decrease size/costs due to more digital options and less foot traffic. This is not new, only excellerated by the lockdowns...

I would not waste time on how many or where banks are... see if assests under management change. That is the only way to determine if a bank is actually hurting. Less assets, less lending to charge interest. Deposit accounts are important to maintain and offer lending... no ability to create new debt, means no money.

A lot of consolidation and acquisitions have taken place which is different than going under. It just means assests under management become more concentrated by the larger or growing institutions...

Nana remembers many times in the past 3 yrs we checked to see how many banks also filed for bankruptcy or just outright closed.

Interesting considering how many new banks were built in my city in the last 5 years. There are 8 within a mile of my house in any direction. Two miles it tripples. Lots of small, independent.