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You to definitely consolidation has grown an average lender asset size by the more than simply fifty% before 5 years. The common U.S. financial at the Summer 31, 2019 got around $step three.cuatro billion inside assets; now it is higher than $5.2 billion. In the past 5 years (Summer 30, 2019 so you can Summer 31, 2024) i forgotten 764 federally-insured financial institutions across the nation (14.4% of a). A few of you to definitely, even as we spotted a week ago, is actually from borrowing from the bank unions to purchase banking companies.
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