Statistics like this are unreliable. For example, Bank of America went through a buying spree, gobbling up other banks. In my example, one of these was just across the street from an existing Bank of America facility. So they closed the one they just recently purchased.
I had a very interesting conversation with a bank executive a few years ago. He said most bank branches that exist today would never be built now. In most cases, those that remain open are there because the banking industry has come to understand a peculiar mindset of many bank customers: they prefer to do business with a bank that has a local branch even if they do 100% of their banking online. The local branch gives them a level of comfort that it is there just in case they need to deal with someone in person.
Well, in three towns where I live BofA has closed branches in everyone of them forcing me to go places a traditionally don’t for banking.
The close one in Morgan Hill of Cochrane and kept the one on Tennant open. Makes sense, as it is a more trafficked area and central to town.
They close another in Gilroy, downtown. Makes sense since they have a location right next to Costco and Walmart.
They closed another in Hollister. Same deal.
closed several in San Jose as well and Fremont.
Might have to go to one of those online banks or Walmart banking from now for cash