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Analysis

Largest US Banks Are Binging on New Branches

JPMorgan Chase will build 500 new outlets, PNC Bank to add 100.

They called it the “Great Consolidation,” a wave of bank branch closures during the pandemic that seemed to herald a new age of digital banking that would turn your favorite local vault into a relic from a bygone era.

Well, we just got an overdraft notice on that gloomy outlook: The pandemic is over-CDC is about to cancel its five-day isolation guideline if you catch COVID-and bank branches are popping up all over the place, especially in the Sun Belt.

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Jack Rogers

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