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Federal Reserve say more than 1,500 bank branches shut down between 2012 and 2017

Published On 25 Dec 2019 10:06 AM


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According to a study from Bloomberg, financial institutions have left American smaller towns in large numbers over the past decade, creating a significant economic obstacle in the communities they serve.

According to a recent report from the Federal Reserve, more than 1,500 bank branches shut down between 2012 and 2017.

Allendale, South Carolina has felt the economic pain of losing multiple branches of banks, a modest yet p....


Tags : Bloomberg, economy, Federal Reserve, community bank, Social Security debit cards,
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