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SNL Financial Reports FDIC Branch Count Slumps/Deposits Jump


Key Points:

1. A preliminary look at the FDIC's 2011 Summary of Deposits data shows that the number of branches in the U.S. fell for the second consecutive year, while deposits jumped 7%.

2. According to the data, U.S. deposits rose to $8.25 trillion from 2010 to 2011, outstripping the 2% deposit growth that occurred between 2009 and 2010.

3. The number of U.S. branches declined to 98,202, down 315 from the 2010 count. This marks the second year of branch consolidation after years of expansion.

Click here for SNL Financial's ranking of the Top 15 Banks by Deposits:
www.snl.com/InteractiveX/article.aspx?CD...

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