The Vanishing Banks: 222 Banks Closed In Less Than 90 Days | Monday Morning Check-In

Concern and speculation about "Record Bank Closures in 2024" have spread nationwide. An unprecedented 222 branches closed in the first two months of the year, signaling a major banking industry shift that will affect millions of customers' access to traditional banking services. The rise of digital banking platforms, cost-cutting, and a reevaluation of physical branches in the modern financial landscape are suspected causes of these closures. This drastic change reflects changing consumer banking preferences and raises important questions about US financial accessibility and stability.

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