It’s no secret that there has been a ton of consolidation in the banking industry, more notably before the financial meltdown.
When I lived in my condo a couple of cities away, there was one branch of a bank that seemed to be going through a buyout every year or so. You could almost make a pastime out of watching a new sign get installed before the new one was even a year or two old!
My wife and I were at dinner a couple of days ago, and actually started talking about “What bank did this used to be?” I had no real idea how Chase entered the Detroit market, and there are other banks that I had no real idea how they got there. She’s kept up on it more than I have, so we were pretty much able to piece together how the various banking institutions that grace our brick & mortar banks have come to be.