• 14004 Roosevelt Blvd., Suite 601C, Clearwater, FL 33762
Archives: April 2016
An image of three banks on top of three stacks of coins.
27 April 2016 - 17:21, by , in Industry Trends, No comments
CoStar recently reported on Citigroup’s prediction that one-third of US bank branches will be closed in 10 years. Citigroup blames FinTech for this, and suggests that automation will be one of the main factors involved. Antony Jenkins, former chief executive of Barclays, has a similar prediction: “The number of branches and people employed in the financial services sector may...
8 April 2016 - 17:39, by , in Industry Trends, No comments
 Our last post described how bank failure rates are performing so far in 2015-2016. In this post, we go into more detail about the 8 US banks that have failed since January 1st, 2015. The smallest of the failed banks, Washington’s Hometown National Bank, held only $3.8 million in assets before closing. The largest, Bank of...
5 April 2016 - 9:48, by , in Industry Trends, No comments
As banks contend with worsening efficiency ratios, fintech competition, and ever-increasing regulatory burdens, 2016 is looking to be a tough year for banks, especially community and smaller banks. A somewhat positive – or less negative, I suppose – trend is that of bank closures. By this time last year, four banks had already failed. Only one has...