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Small Banks Struggle to Find Their Fit in Digital World
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Small Banks Struggle to Find Their Fit in Digital World

Small Banks Struggle to Find Their Fit in Digital World

Todd Anderson·
FintechNews RoundupUSA
·Mar. 4, 2019·1 min read

There are 4,600 banks in the U.S. with $1bn or less in assets which accounts for 6.6 percent of all bank assets; in the last 30 years those numbers have fallen from 11,000 banks and 31.5 percent of bank assets; new regulations and more recently the advent of technology has reshaped the community banking market and those left standing are trying to figure out how best to survive; finding technology that best suits their customers needs is one way and fintech partnerships is another; while technology is helping to improve the financial system there is a large swath of customers who are at danger of being left behind. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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Branch closurescommunity banksdigital banking
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