Bank Branch Closings Take Toll On Rural CommunitiesÂ
PYMNTS
NOVEMBER 26, 2019
lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures, according to research from the Federal Reserve released on Monday (Nov. Rural communities with lower incomes or a higher percentage of minorities saw the most closures, losing 1,553 bank branches in 794 counties, a decline of 14 percent.
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