Bank Branches and COVID-19: Where are Banks Closing Branches during the Pandemic?

Kimberly Kreiss

No 2021-12-17, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In the decade prior to the COVID-19 pandemic, bank branches were closing at a steady rate. Additionally, households with a bank account increasingly adopted mobile or online banking for at least a portion of their banking needs. As COVID-19 dramatically changes the desire and willingness for consumers to have in-person interactions, it may accelerate both of these trends and lead to a permanent shift in how people access financial services.

Date: 2021-12-17
New Economics Papers: this item is included in nep-ban, nep-pay and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-12-17

DOI: 10.17016/2380-7172.3027

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