Bank Deposits up, but branch numbers are down.
| Position | MARKETING NEWS - Brief article |
A PRELIMINARY LOOK at the FDIC's 2011 Summary of Deposits data shows that the number of branches in the United States fell for the second consecutive year, while deposits jumped 7 percent, according to SNL Financial.
According to the data, U.S. deposits rose to $8.25 tril lion from 2010 to 2011, outstripping the 2 percent deposit growth that occurred between 2009 and 2010.
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