Over the last decade, there has been at least a 15% decrease in branch locations across the U.S. as financial institutions have prioritized modernizing their digital offerings for customers and clients while also reducing costs by downsizing and closing branch sites. There is little dispute that this trend will continue over the next few decades as traditional branch customers get older, younger generations change banking and investing habits by adopting digital platforms, mobile banking handles more transactional needs, and operational economics point to digital channels as less costly options than physical branches.
