Sometimes we have to count our blessings. And this is one of those times. At Bauer, we are fortunate to have 41 banks with branches located in the same zip code as our main office in Coral Gables, Florida. Many…
Category: Bank Branches
Community Bank Branches are NOT Going Away
That may seem contradictory to the chart below, but notice we said “community bank branches”. According to the FDIC, in the past 12 months, the industry has closed 3,617 branch offices and opened just 1,148 for a net loss of…
50% of Branches Closed by these 9 Banks
The United States lost more than 3,000 bank branches in the 12 month period ending March 31, 2022. But not all banks are shedding branches. In fact, nine (Big) banks were responsible for more than half of the closures. The…
4 Big Banks Account for 37% of 2021 Branch Closures
The U.S. lost over 2,900 bank branches in 2021. While that represents less than 3.5% of the total, it is a new record. The previous record was set in 2020 as COVID began nudging consumers toward mobile banking. Clearly, that…
Will There be a Merger Miracle in 2022?
If you can’t remember the last time federal regulators denied a bank merger application, you’re not alone. It has been years. In fact, when we began writing Jumbo Rate News in 1983, there were almost 15,000 banks in the U.S.;…
’Tis the Season for Scammers
It is the Holiday Season and for most of us that means spending time with family and friends. But for others, it means finding new ways to take advantage of unsuspecting victims. Since the beginning of the pandemic, “alleged” cyber-fraud…
The Bank Branch is Alive and Well, Thank You
Like everything else, banking is changing and evolving to meet the changing needs and demands of the times. There is no doubt about that. But anyone predicting the demise of the bank branch is premature, at best …at least in…
Merger Mania Claiming Community Staples
Mergers and Acquisitions have claimed more than 225 banks since January 1, 2020. That represents over $174 billion in assets and $140 billion in deposits in less than an 18 month period. Several centenarians are among the banks lost leaving…
Big Bank Branches are Fewer by the Month
It seems that every week there’s a new story about a bank that’s closing branches. We’ve almost become numb to it… unless of course it’s our branch that’s shutting down. But its who is closing those branches is what we…
We Made it Through 2020, What’s Next?
As we say good-bye (and good riddance) to 2020 and look forward with hope for a brighter and healthier 2021, we remember 2020 as a year of loss. We’ve lost a great number of lives, jobs, and freedoms in the…