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New York Sees Most Bank Branch Closures In US

PYMNTS

The research filtered data from the Federal Deposit Insurance Corporation (FDIC). Since 2009, bank branches have been steadily declining from a high of near 100,000. There was a 2.2 percent drop during the same time period a year earlier, the research showed. The industry was the biggest loser out of all the major U.S.

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Three Small US Banks Collapse Over Past Month

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recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Resolute Bank in Maumee, Ohio closed on Oct.

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