Posted on 06/03/2023 3:21:59 AM PDT by Libloather
Cool. That’d be a long trip to do banking. Lol.
During the so called Covid crisis our bank closed 2 branches.
One was a full sized one with every thing and was 2 blocks away from the main local branch. So no big loss for us.
The other was a small branch in a local national brand super market. It had everything but safety deposit boxes and was close to our health care POP. We used it often.
After a few complaints, they put an ATM inside the super market and kept the downtown branch open.
What’s worse according to one respected economist—Barbara Corcoran is the name, iirc—is the astronomical downtown office vacancy rate. Local banks hold the loans on those offices and tenants are starting to default.
The realtor goes under along with the local banks. If work-at-home continues, downtowns die along with many downtown establishments.
Big time disaster.
Yes...Shark Tank’s Barbara Corcoran
Doesn’t concern me yet but I have a safe deposit box at my local PNC, the only place I could find one available 10 years ago.
Doesn’t concern me yet but I have a safe deposit box at my local PNC, the only place I could find one available 10 years ago.
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