Anthony’s Corner, December 19, 2023, Financial Shake-Up: Pennsylvania Braces For Wave of Bank Closures
According to a report by the National Community Reinvestment Coalition, the closure of bank branches has several detrimental effects on the surrounding communities. One of the significant impacts is the decline in small business lending and activity in the area. Without easy access to banking services, small businesses struggle to get the financial support they need to thrive.