An average of 32 bank buildings per state is currently for sale.
Let that sync in.
Catholic, Q'd (3/28/19) followed on Twit by Gen. Flynn, Twit POW on 1/8/21. WWG1WGA ULTRA-MAGA Deplorable. Happily married Mom and Nana.
I don't know about other places, but in the city closest to me, the three biggest banks all built even BIGGER buildings last year and moved their operations. Now their old smaller branches are for sale.
Thanks for the good news
I'm a loan officer and we still work from home and probably won't ever go back into the office. I hate it.
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A phizer building is evacuated and empty, was it in Alabama?
US Navy veteran, live in caregiver for my 99 yo Mother, Nana and Great Nana
FDIC | Failed Bank List
Look up information on failed banks, including how your accounts and loans are affected and how vendors can file claims against receivership.
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/
Book reviewer, proud Patriot, and happily married Christian from Pennsylvania. No DMs please. BergersBookRev on TS and Twitter. WWG1WGA 🇺🇸
Most banking transactions can be done via ATM, online, or through an app. The need for a physical bank building has diminished. This is simple economics.
Banks are selling owned portfolio properties or letting leases lapse to setup in retail strip mall or other buildings to decrease size/costs due to more digital options and less foot traffic. This is not new, only excellerated by the lockdowns...
I would not waste time on how many or where banks are... see if assests under management change. That is the only way to determine if a bank is actually hurting. Less assets, less lending to charge interest. Deposit accounts are important to maintain and offer lending... no ability to create new debt, means no money.
A lot of consolidation and acquisitions have taken place which is different than going under. It just means assests under management become more concentrated by the larger or growing institutions...
Nana, Direct Internal connection to God, WWG1WWA, MAGA, Angels are here already #FightLikeGodIsBesideYou
Nana remembers many times in the past 3 yrs we checked to see how many banks also filed for bankruptcy or just outright closed.
Interesting considering how many new banks were built in my city in the last 5 years. There are 8 within a mile of my house in any direction. Two miles it tripples. Lots of small, independent.
Denver Digital Soldier, Believe in the Promise of Q. Twitter Refugee, Independent Thinker & Anon. Patriot. Family is Everything.
I retired from a big US Bank 4 years ago. The downtown “corporate headquarters “ for Colorado has not had employees work in office since CV19 started. Credit Unions, Community. Banks, Brokerage Offices all open as normal now. Yet big banks still have almost all non- retail employees working virtually. Seems odd for certain.
