Branch and deposit trends: fact and fiction

摘要

Some interesting changes in the U.S. branch landscape were revealed in the June 2005 annual bank branch data released by the FDIC in October. The details behind the data yield insights into facts and fictions relating to banks' most expensive, visible, and heavily utilized channel. Nationwide, deposits grew 8.5% from June 2004 to June 2005, a rate on par with the compound annual growth rate of 8.2% since 2000. At the same time, one-year growth in the number of branches was greater than the five-year rate, at 2.5% compared to an average of 1.5% annually since 2000.