Total industry deposits grew once again in 2017, and the rate of deposit growth was higher at community banks than at noncommunity banks, according to the 2017 Summary of Deposits (SOD) survey. Key findings from the SOD survey also show that the number of offices operated by noncommunity banks declined on a merger-adjusted basis in the most recent year and over the past five years, while the number of community bank offices increased slightly over both intervals. Relatively few banks have reported a net decline in their number of offices over the past five years, yet cutbacks in offices at these banks have been large enough to drive a sizable decline in the overall number of banking industry offices since 2012. This continuing trend of fewer banking offices can be attributed to factors such as population migration, office expense mitigation, industry consolidation, and financial technology.
Read article
Last Updated: November 19, 2025