A new Associated Press analysis shows the boom is nationwide. In the past five years, banks have added 10,000 branches to bring the total to 99,000.
Moreover, the flurry of construction has targeted predominantly white, affluent suburbs rather than inner cities. Banks followed the rooftops as the boom in home construction pushed sprawl ever outward.
As a result, residents of inner cities have been forced to rely on non-bank institutions to cash checks and pay utility bills. Sometimes they also resort to payday lenders.
BanksÂ for the most part didnâ??t violate Community Reinvestment Act standards, the analysis showed.
How do you feel about the rush to the suburbs? Should the institutions be faulted for not putting more resources into inner cities?