Almost 200 D-FW banks have closed in the last decade - The Dallas Morning News

When was the last time you went to the bank?

Not the ATM, but into the bank to talk with a teller?

That’s what I thought — not lately.

And that’s why the number of bank branches around the country continues to dwindle. What bank branches are opening are smaller and more tailored to digital business, according to a new report from JLL.

Last year, the number of bank branches in Dallas-Fort Worth declined by 44 locations, JLL found. It was the sixth year in a row that the number of D-FW bank branches dropped.

Since the peak of more than 1,800 North Texas branches in 2010, almost 200 local banking outlets have closed their doors.

Nationwide, 1,700 bank branches went dark last year.

“After peaking in 2009 at close to 100,000 branches, the total number has declined by more than 13,200 branches over a decade,” JLL researchers wrote in the new report. “We do not expect this pace to change materially over the next two years as the industry works to integrate physical branches with digital platforms and define how to best serve rapidly shifting customer expectations. “

There were still more than 1,600 bank branches operating in D-FW at the end of 2019, JLL estimates.

North Texas ranked fifth nationally among the cities with the most retail banking outlets.

A few markets are still adding banks.

Austin ended 2019 with four more banking locations than the year before. The number of bank branches also increased slightly in Kansas City, San Jose and a couple of other markets, according to JLL.

When banks retreat, other business tenants fill in the gaps.

Restaurants and health clinics are the most common tenants to move into the old banking storefronts, JLL found.

Convenience stores and dollar stores also take up the slack in some of these retail locations.

Austin was one of just a handful of U.S. metros that saw a slight increase in branch banks last year.(JLL)

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Almost 200 D-FW banks have closed in the last decade - The Dallas Morning News
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