PYMNTS
FEBRUARY 19, 2020
The research filtered data from the Federal Deposit Insurance Corporation (FDIC). Since 2009, bank branches have been steadily declining from a high of near 100,000. In excess of 13,200 branches have closed in the past 10 years as the industry has gone digital, JLL said. There was a 2.2 markets in the study.
Fintech Labs Insights
NOVEMBER 10, 2023
Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.
PYMNTS
AUGUST 17, 2017
The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC).
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