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FMSI Featured in American Banker Article About Underperforming Branches

by Andy Peters

 
American Banker Article: Too Many Underperforming Branches Are Still Open

"Bank executives are doing their best to shut down low-performing branches that fail to pull their weight. … Or are they?
 
A new study shows they may not be moving fast enough, something analysts have been telling bankers for months.
 
The number of U.S. branches has dropped steadily since 2009, when the total peaked at 99,540, according to the Federal Deposit Insurance Corp.'s latest Summary of Deposits report. Banks operated a total of 94,715 branches at June 30 of this year, a 5% decline from 2009."

Read the full article here.