Brick-and-Mortar Banking Remains Prevalent In Digital World: FDICMani
Despite an increasingly virtual banking world, the prevalence of thousands of brick-and-mortar offices offers sufficient testimony to the enduring value of physical access to banking services, according to an FDIC report.
FDIC in its latest quarterly report titled: “Brick-and-Mortar Banking Remains Prevalent in an increasingly Virtual World” notes office growth has outpaced the nation’s population growth over the long term.
Prevalence of brick-and-mortar banking
The FDIC report points out that as of June 2014, about 6,669 banks and thrifts . . .
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