On September 30th, the FDIC released updated deposit data as of June 30, 2013. As many community banks are now regaining their footing after the financial crisis began in 2008, we wanted to take a look at how the deposit data has changed over the past five years within the Atlanta MSA.
Perhaps the most obvious trend seen in the deposit data relates to the decreasing number of banks and branches serving the Atlanta MSA. Overall, Atlanta is down from 167 banks and thrifts in 2008 to 104 in 2013, a 38% decrease over the past five years, and the number of branches has decreased 8% to 1,337 in 2013. Not surprisingly, much of the consolidation has occurred among the smaller banks. Although there are now 15 banks in the Atlanta MSA with $1 billion or more in deposits (up from 10 in 2008), the number of banks inRead More