Number of FDIC-insured commercial bank branches in the U.S. 2000-2018

There were 77,647 branches of FDIC-insured commercial banks in the United States in 2018. After a period of growth from 2000 to 2008, this number has been slowly diminishing in the past few years. In 2018, Wells Fargo led the ranking of banks with the highest number of branches.

What does the FDIC do?

The FDIC (Federal Deposit Insurance Corporation) is an agency created by the United States Congress that guarantees the deposits in commercial banks up to 250,000 U.S. dollars. This protects depositors in the event that the bank becomes insolvent. It also enables banks to issue more loans, since depositors may prefer banks that are insured by the FDIC.

Trends in the banking industry

While the number of branches has stayed relatively stable, the number of FDIC-insured commercial banks has declined in recent years. As younger generations become more accustomed to online and digital banking, the need for bank branches may also wane.

Number of FDIC-insured commercial bank branches in the United States from 2000 to 2018

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Source

Release date

October 2019

Region

United States

Survey time period

2000 to 2018

Supplementary notes

FDIC stands for Federal Deposit Insurance Corporation.
FDIC-insured commercial banks include the following categories of depository institutions insured by the FDIC: national banks, state chartered banks and trust companies (except savings banks), commercial banks, either national or state chartered, insured by the FDIC, other financial institutions which operate under general banking codes, or are specifically authorized by law to accept deposits and in practice do so or the obligations of which are regarded as deposits for deposit insurance.
The statistic does not include figures for Guam, Puerto Rico, Virgin Islands, and all other United States territories and possessions.

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