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SUMMARY:Connecting Communities: The Changing Landscape of In-person Banking
DESCRIPTION:Implications for Financial Institutions\, Regulators\, and Communities\n\n\n\n\n\n\n\nThis webinar is now available to watch on-demand. \n\n\n\nBank branches in the US have been closing steadily for over a decade\, but that trend accelerated during the pandemic. Online and digital banking may be out of reach for those without digital devices\, broadband\, and digital literacy skills. A lack of access to physical banking services can create banking deserts\, or geographical areas where there is a significant lack of access to traditional bank branches. Lack of access to physical branches may create challenges for lower-income\, rural\, older\, and disabled customers\, and can restrict opportunities to improve their financial health and build wealth. \n\n\n\nDuring this presentation\, speakers will share research on bank branch closures and the value of in-person banking. They will also talk about the Fed’s Banking Deserts Dashboard\, which analyzes where the deserts are (and could potentially be) located. The panel will also discuss potential solutions for grappling with these issues. \n\n\n\n\nRegister\n\n\n\n\n\n\n\n\nSpeakers\n\n\n\n\n\n\n\n\n\nMike AndersonSenior Vice PresidentBankOnBuffalo \n\n\n\n\n\n\n\n\n\nAlaina BarcaCommunity Development Research Analyst Federal Reserve Bank of Philadelphia \n\n\n\n\n\n\n\n\n\nCaleb BoboSupervisory Examiner Federal Reserve Bank of St. Louis \n\n\n\n\n\n\n\n\n\n\n\nWes BurnsExecutive Vice President Midwest BankCentre \n\n\n\n\n\n\n\n\n\nMiguel LopezMarketing Strategy ExecutiveSouthern Bancorp \n\n\n\n\n\n\n\n\n\nSydney DiavuaAssistant Vice President\, Community DevelopmentFederal Reserve Bank of St. Louismoderator \n\n\n\n\n\n\n\n\n\n\n\nPresented by\n\n\n\n\n\n\n\n\n\nLocation\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAbout Connecting Communities®\n\n\n\nReal people. Real research. Real conversations. \n\n\n\nConnecting Communities is a Federal Reserve-sponsored webinar series providing timely information on community and economic development issues. It complements Fed community development outreach initiatives conducted through the 12 regional Reserve Banks and Federal Reserve Board of Governors.  \n\n\n\nHave questions about the program? Contact us. 
URL:https://fedcommunities.org/event/connecting-communities-changing-landscape-in-person-banking/
LOCATION:Virtual Event
CATEGORIES:Connecting Communities
ATTACH;FMTTYPE=image/png:https://fedcommunities.org/wp-content/uploads/2024/03/connecting-communities-banking-deserts.png
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