America's bank branch bloodbath laid bare: More than 1,500 banks were shut in 2023 - with Wells Fargo, PNC, US Bank and Bank of America

[PeterPilot]

So many physical bank branches were totally unnecessary. It's not like fast food where Americans keep in shape with one on every street corner.

Many long for the days of Postal Banking which ended 55 years ago. It had been a reliable and convenient alternative for poor folks, but our congresscritters bowed to banking special interests and ended the practice.

Maybe it will come back. Post Office Reintroduces Banking Service

 

[Independentthinker]

Banks this year closed branches in California and the Midwest faster than elsewhere, as an ongoing elimination of costly brick and mortar locations leaves an increasing number of Americans without access to basic financial services.

Dozens of banks filed notices to close a total of 1,566 branches between January 1 and December 22, according to data from their regulator, the Office of the Comptroller of the Currency (OCC). In contrast they only notified the regulator of plans to open 472.

And the closures are being felt. DailyMail.com has received emails from concerned readers that they now needing to travel further to access a bank

US banks filed to close more than 1,500 branches in 2023

Banks in 2023 continued to close branches across the country, leaving an increasing number of Americans without access to basic financial services.

www.dailymail.co.uk

Thanks Joe.

Geeeeeeeeeeeee, I wonder why I haven't seen this in the MSM. You don't think their biased do you? After all, everything's just going swell according to Democrats. Surely this is coming from Fox News.

 

[sparky]

After all, everything's just going swell according to Democrats.

~S~