Thursday, October 6, 2011

Bank Offices Decline for the Second Consecutive Year

The Federal Deposit Insurance Corporation is reporting that the number of bank offices fell for the second consecutive year.

As of June 30, 2011, the number of bank offices stood at 98,192. This is down from 98,507 as of June 2010 and 99,540 office as of June 2009.

This data does not include 10 U.S. branches of foreign banks as of June 2011.

See graph from FDIC on bank offices.

Nationally chartered commercial banks account for 45% of all bank offices. State chartered commercial banks have 44% of bank offices and savings associations and savings banks account for approximately 11% of all offices.

See graph.

Between 2010 and 2011, the number of commercial bank offices increased by 150 to 87,873, while the number of savings institution offices fell by 465 to 10,319.

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