An average of 32 bank buildings per state is currently for sale.

Let that sync in.

Q 32.

I retired from a big US Bank 4 years ago. The downtown “corporate headquarters “ for Colorado has not had employees work in office since CV19 started. Credit Unions, Community. Banks, Brokerage Offices all open as normal now. Yet big banks still have almost all non- retail employees working virtually. Seems odd for certain.

It costs less money and also allows for the elimination of jobs, high salaried employees, and aiding digital transitions...

Agree, but productivity (sales of crap people don’t need)has dropped exponentially. So big banks are presumably sacrificing profit for safety against a virus w/99% survival rate?

It would be unprecedented that a bank put anything above profits.

All community banks open as normal. Suspicious.

big banks can sell over the phone, internet, and phone apps...

they arent losing money

They losing revenue, which means must cut cost. Primary drain on bank earnings are people (compensation), capital (cost of funding loans) and real estate. The things that can be “sold” over the internet don’t make banks money. Deposits are a liability. Bank’s shedding real property at break neck speed. IMPO