![]() Unfortunately, that one branch in town is a ghost branch.Īnd that one branch is going to be targeted for closure. ![]() It’s a time of declining bank branch numbers, but bank examiners continue to expect bankers to meet the credit needs of their communities (from the article As Branches Decline, How Do Bankers Continue to Comply with CRA? which is well worth a read). Banks are actually being told by the Federal Reserve that they have to get approval for a branch closure as, unlike the UK, there has to be at least one branch in town: People shop online and at home and the impact is now being felt in the physical world, as store closures and mall failures hit.įinally, we see the same with banks. This occurred to me the other day when I saw a report on Business Insider of mall closures in America. With most of the music, travel, photo, book, general stores and more closing down, it’s a fairly weird time we are going through. It’s strange because I’m feeling like we are going through this moment again. It’s a song that really stood out at the time and I can recommend you read the end of this blog for more background. The main line repeated throughout the song is This town … is coming like a ghost town. One song that brought back memories of this era played on the radio the other day: Ghost Town. I grew up in an era of Ska music with the Specials, Madness and The Selector being regulars on the University circuit.
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