Maud Swanborough

Mar 26, 2024 | woodhurst.com | Maud Swanborough |Ben Nadel |Lydia Coyle

2024 kicked off with several banks announcing branch closures, contributing to the ongoing decline of bank branches, down from nearly 15,000 branches in 1986 to fewer than 6,000 as of 2023. This situation has presented several challenges, particularly for local communities where the dwindling presence of branches has left those who depend on in-person services, including the digitally unbanked or underbanked, more vulnerable.