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New York Sees Most Bank Branch Closures In US

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lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures. Conversely, JPMorgan Chase is opening branches, adding 50 locations in North Carolina alone. New branch applications from Chase totaled 43 percent of all new establishments for 2019. More than half of the 3,114 counties in the U.S.

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Banking-As-A-Service Takes On The Underbanked SMB

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At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. The bad news, however, is that it still means 8.4 million households were underbanked in 2017. Branch Deserts.