Heard something about JP Morgan Chase and some other bank last night that something fishy was going on. Every bank within a 20 mile radius of me in Colorado Springs did not open till 10 o’clock they closed two hours early at four. Chase has signs on their windows that their lobby hours are changing back to the 10 to 3 old time bank hours and they will be closed Saturdays and Sundays until further notice. Anybody know what’s happening?
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I think this is basically true. I always wondered why I was seeing retail brick and mortar banks popping up all over when most people never go to the bank anymore. I think someone mentioned that for the few times someone does need to go to a bank, let's say to open an account or fill out a loan application, they want to have a branch available to compete with the other banks.
In my neck of the woods a ton of people still go to the bank. Which makes it even stranger that recently a lot of banks (that did have long lines) closed down. Chase, Wells, B of A....multiple counties that I know of in SoCal.