Go Erie, November 28, In block after block of city neighborhoods in Erie, there’s not a bank to be found
Financial institutions are lacking in low-income and minority neighborhoods in Erie.
A study by the National Community Reinvestment Coalition, known as NCRC, found that the United States lost about 6,000 of its 95,000 bank branches between 2016 and 2018.
Of those branches that closed, 82% were in urban ZIP codes.
In Erie, the most recent round of cuts came in September, when Pittsburgh-based PNC Financial Services Group announced plans to close 280 branches by the end of 2021, including a drive-through location in the Liberty Plaza and a branch in Linesville.
