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Nationwide the number of bank branches fell by about 1.7% last year. But some cities and states were hit harder than others, according to data from the Federal Deposit Insurance Corp. and research firm BankRegData.
An Eight-Year Low
For the fifth consecutive year, the number of U.S. bank branches fell during the 12-month period that ended June 30, according to the latest available data from the FDIC. There were 94,725 branches nationwide, the lowest total since 2006. In addition, last year's 1.7% drop in branch count was the largest one-year decline since the downward trend began in 2010.