Fintech Business Weekly

Fintech Business Weekly

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Fintech Business Weekly
Fintech Business Weekly
The Uncertain Future of Local Banks

The Uncertain Future of Local Banks

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Jason Mikula
Oct 18, 2020
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Fintech Business Weekly
Fintech Business Weekly
The Uncertain Future of Local Banks
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The Uncertain Future of Local Banks

It may seem like a lifetime ago, but as recently as the 1990s, there were approximately 12,000 commercial banks with 50,000 branches in the United States. Long before the rise of the digitalization of banking, fintech challengers, and COVID-19, a more important force was driving consolidation in consumer and commercial…

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