Branching Continues to Thrive as the U.S. Banking System Consolidates
FDIC: FYI – Branching Continues to Thrive as the U.S. Banking System Consolidates
October 20, 2004 Print Version – PDF 98k (PDF Help)
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Overview
Consolidation of FDIC-insured commercial banks and thrifts into fewer and larger companies represents a long-term trend with far-reaching business and regulatory implications.1 But amid charter consolidation, a steady expansion in the number of U.S. bank and thrift branches is also underway that is itself changing the face of the banking industry. Recent research published under the FDIC Future of Banking Study showed that while the number of commercial banks declined by 29 percent from 1994 through 2003, the number of bank branches increased by 15 percent over the same period to almost 67,000.2 The study showed that despite consolidation, branches remained a valuable resource in helping banks generate fee income and possibly better manage their overhead expenses.
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