US bank mergers have not cut branch access – Cleveland Fed

cleveland-federal-reserve
The Federal Reserve Bank of Cleveland

US residents are finding access to physical bank branches no more difficult today than they did in 2000, and sometimes even less so, according to new research.

A paper from the Federal Reserve Bank of Cleveland shows that although the US had 37% fewer banks by 2020, these collectively boasted 15% more bank branches.

The paper finds the number of branches grew in the 2000s, before declining somewhat in the 2010s. Still, urban US residents lived about the same average distance from a bank branch

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.