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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | The demise of branch banking - Technology, consolidation, bank fragility |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Journal of Banking and Finance |
| Publisher | Elsevier |
| Geographical Reach | international |
| ISSN | 0378-4266 |
| Volume | 158 |
| Page Range | 107038 |
| Date | 2024 |
| Abstract Text | We study bank branching dynamics across 3,143 US counties and 26 years. During the last decade, banks closed their branches at an unprecedented rate. At its peak in 2009, there were 90,783 branches. By 2020, this number has fallen by 12 percent. While technological factors correlate with these branching dynamics, bank fragility and consolidation are also strongly associated with changes in the number of branches (and their openings and closures). Interestingly, technological capabilities to service customers, such as online banking, seem less tightly linked to de-branching than technological capabilities to process internal information. Our analysis shows that large banks rely on internal technology to shed branches, while small banks close branches when they are vulnerable or consolidate. |
| Free access at | DOI |
| Digital Object Identifier | 10.1016/j.jbankfin.2023.107038 |
| Other Identification Number | merlin-id:24196 |
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| Keywords | Branches, Banking, Technology, Bank health, Mergers and acquisitions |