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Banking sector growth beats out NBFIs in 2020

Banking sector growth beats out NBFIs in 2020

Breaks 10-year trend as total assets grew to $468 trillion
Banks crucial to small business capital formation, SEC data finds

Banks crucial to small business capital formation, SEC data finds

Small businesses rely heavily on loans or lines of credit for capital funding, research suggests
Regions Bank surpasses $12 million commitment to economic empowerment initiatives

Regions Bank surpasses $12 million commitment to economic empowerment initiatives

Funds support programs that promote financial inclusion and access to services
US Banks Continue to Decline in Number

US Banks Continue to Decline in Number

Assistant vice president of bank says decline is due to few new banks being chartered and increase in mergers
U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations
Wells Fargo Commits $1m to Support Historically Black Colleges and Universities Graduation Rates

Wells Fargo Commits $1m to Support Historically Black Colleges and Universities Graduation Rates

Graduation rates among HBCU students currently among the lowest for all students
Santander Bank Opens Branch in King of Prussia, and donates to local non-profit Organizations

Santander Bank Opens Branch in King of Prussia, and donates to local non-profit Organizations

Habitat for Humanity among the Beneficiaries
Banks Outpace Credit Unions in Customer Satisfaction Levels

Banks Outpace Credit Unions in Customer Satisfaction Levels

Regional and community banks received high ratings from customers, while national banks, and super-regional banks trailed behind
Two Bank Mergers and Its Effect on a State’s Economy

Two Bank Mergers and Its Effect on a State’s Economy

M&T’s merger with People’s United could potentially disrupt the state of Connecticut’s economy
ABA President Emphasizes Importance of Bank On Certified Accounts

ABA President Emphasizes Importance of Bank On Certified Accounts

Almost half of all US bank branches offer a Bank On-certified account

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