Esther George, Speech: A 40-year Perspective on Community Banking

No economic news was shared.

“By far, the most significant change to the community banking landscape over the past four decades has been the declining number of banks and increased concentration in the banking sector. In 1985, just three years after I began my career with the Kansas City Fed, there were about 15,000 community banks in the United States. Today, that number is less than 5,000. Similarly, the number of banks in my seven-state region has declined by more than 70% over that same period.”