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hawklost t1_jcexbif wrote

Reply to comment by uthinkther4uam in Bank Failures 2001-2023 (Adjusted for Inflation) [OC] by dbacciPBI

The US had a LOT of regional banks. Ones that were only in a single town or city. That means there was a lot of tiny failures that happened that were purely local.

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Nwcray t1_jcg33wu wrote

And small regionals.

Anyway, your point stands. There were something like 30,000 banks in the US in 1980, 15,000 banks in 2008, and 4,000 banks today. Consolidation has been unreal.

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hawklost t1_jcg3ni4 wrote

It's actually always been fascinating to me, in the 40 years my mother has banked at the exact same location, it has been owned by 7 different banks.

Each time the smaller bank was bought out by a slightly larger one, that was then taken over by a third. Until now it is owned by one of the big 5 (has been for years now).

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