Friday, June 02, 2006

The River of Banks

Maybe it’s my Westside-centric view of the world but I have to agree with Marie that there seems to be some sort of bank building boom going on in Springfield. There are a ton of new banks open or being built. I just noticed yet another one a few days ago going up at Koke Mill and Old Jack.

Was there a bank shortage before? Are we going to get over saturated and some banks will start going out of business? Are people using more than one bank or switching every so often?

I’m quite certain "no" is the answer to all those questions. So what gives? Has banking simply become efficient enough that banks can survive on an ever smaller slice of the banking public? I suspect "yes" is the answer to that question.

No comments: