The number of bank and thrifts decreased by 500 last year. The slight uptick in new bank charters, 146 were granted, was far overshadowed by the 559 banks that disappeared in mergers. But the branch remains popular, increasing for the 17th time in the past 20 years (exceptions: ‘82, ‘91 and ‘92). Americans are now served by 71,002 bank/thrift branches, one for every 1,400 households. And that doesn’t even include credit unions.
Number of Bank and Thrifts Operating at Year-End (U.S.)
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