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December 14, 2020
Number of US Bank Branches, by Financial Institution, 2017-2020 (number of bank branches and % change)
Description
II BrandedMethodology
Data is from a December 2020 NCRC report titled "Research Brief: Bank Branch Closure Update (2017 - 2020)". NCRC used data from the Federal Deposit Insurance Corporation (FDIC) for 2017-2020 and the FFIEC Census (2019). The study is restricted to service types 11 and 12, which include full-service brick-and-mortar locations and retail locations inside other businesses. Geographic scope includes all 50 US states and the District of Columbia. Each year was compared and changes in bank branches at the tract, county, metro, state, and national levels were calculated based on the previously mentioned criteria. Limitations to this study include the overall weakness of the FDIC bank branch data. In each year covered by this report, approximately 5.5% of branch locations could not be located precisely. This is due to reporting errors on the part of the bank.Sources
Chart Title
Number of US Bank Branches, by Financial Institution, 2017-2020 (number of bank branches and % change)Publication Date
December 14, 2020