Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications
PYMNTS
NOVEMBER 26, 2019
Bank Branch Closings Take Toll On Rural Communities. Rural communities with lower incomes or a higher percentage of minorities experienced the most closings, losing 1,553 bank branches in 794 counties, a decline of 14 percent. Urban areas, however, lost only 9 percent of offices in 802 communities. for $4 billion.
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