Fewer Places to Bank in Wisconsin

Wisconsinites are finding fewer places to do their banking. The F-D-I-C said this week that the total number of bank branches dropped by almost one-and-a-half percent over the past year, to 22-hundred-87 as of June 30th. Wisconsin has lost over 100 bank branches since the recession made its presence known in 2008. Officials say banks have been cutting expenses to cover higher regulatory costs – and to make up for bad loans during the troubled economy. Some analysts say a growth in online banking has reduced the need for at least some brick-and-mortar facilities. Metro Milwaukee has 577 bank branches this year – 35 fewer than in both 2008-and-’09. Nationally, bank branches dropped by almost one-percent, to just over 97-thousand.