Like most news headlines, those announcing bank location closures are often over simplified and constructed to support one position or another—whether that’s the idea that technology replaces the need for branches or that human contact remains critical to productive financial relationships. Take these headlines as examples:
“Banks Shutter 1,700 Branches in Fastest Decline on Record” – Wall Street Journal, 2018
“Wells Fargo is closing 400 bank branches” – CNN, 2017
To gain perspective about what’s really going on, let’s look at the numbers.
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