Posted on 11/01/2023 7:09:19 AM PDT by ChicagoConservative27
Local bank branches are closing across San Francisco, as the city’s economic decline continues amid crime, homelessness, and a drug epidemic.
The San Francisco Chronicle reported Tuesday:
Bank branches are vanishing across the country, and San Francisco is having a record-testing year.
Twenty branches shuttered across the city through Oct. 28, according to data from the U.S. Office of the Comptroller of the Currency. The closures — from the central Richmond District in the west to Mission Bay in the east, from Fort Mason in the north to Bayview in the south — add up to more than the previous two years combined and represent the most in a single year since at least 2000.
…
All over California, 277 bank branches have closed so far this year, second only this century to 2020, when 325 branches closed. Branch openings are a much rarer occurrence: Only eight have occurred statewide this year.
Some of the closures are related to well-known crises, like the failure of Silicon Valley Bank earlier this year. Some of them are simply the result of the move to online banking, an to industry-wide consolidation.
(Excerpt) Read more at breitbart.com ...
Yes but many go for homes and cars
I only use credit unions they have stricter rules that banks don’t have to go by.
ATM vestibules in San Francisco are domiciles for the homeless.
So I take it you don’t like the branch bank .000002376% savings account annual interest rate?
Lol.
I go to a branch bank to use the attached ATM. I’m doing my part to keep cash alive and keep us off a CBDC. If we get to that point, we’re done.
>> 10 bucks says they reelected the mayor London big mouth.
I won’t take that bet.
She’s black. She’s a lezbo. She hates Jews and capitalists. She is a shoo-in!
No, they aren’t obsolete. Many reasons to walk into a branch. The branches near here are always busy.
Branches are going away all over the place. They just aren’t that necessary in the modern world. So little banking needs to be done in person. Only times I’ve actually been inside a bank this century was for closing accounts of deceased relatives and getting the cashier’s check for down payment on the house. And I probably could have done the later as an EFT, but I didn’t feel like navigating their website.
> I got a check for $2.17 just yesterday for some class action suit.(TD Bank)
I will burn $2 in gas to deposit it…
The incentive is, if you don’t cash it, it will probably go back to the lawyers.
I also have a $1 check from the US Treasury. I refuse to cash it, so I get a new one every year.
I get to smile once a year for it…
My girlfriend is a top performer for the bank she works for. She’s been at an overall underperforming branch for several years, and they recently moved her about 20 miles to one of the top performing branches in the country.
I’m thinking there may be writing on the wall in this, and that her former branch may be on the chopping block and they just haven’t told anyone yet.
” will burn $2 in gas to deposit it… “
Use bank app on phone to scan and deposit it.
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