Banking across the country takes on different tones. Some of the lesser-populated areas tend to have healthier banks. Florida and California have high bank failure rates, while North Dakota and Arkansas have lower failure rates. Therefore population size is not directly related to bank health.
The state that has the most banks might surprise you. First of all, you need to realize that the U.S. has more banks than any other countries in the world, including having the most branches. This is a big feat, especially considering there are countries like China and India out there that have more than twice the population of the U.S. If you’re looking for a home equity loans, MA, starting in your local area is probably your best bet. But you don’t have to limit yourself just to your home state.
The state of North Dakota has the most banks per capital of any state in the Union. This might surprise you because North Dakota doesn't have the largest population when it comes to sheer size. This means that there are a lot more bank jobs as a ratio compared to other careers. If you are looking for help with home equity, looking at North Dakota banks might be of big help to you.
If you are looking at which city has the most banks per person, the answer is also quite surprising. According to a recent study, Mountain Home, Arkansas, had the most banks per capita at one bank for every 338 people. This is by no means a large city, but it does go to show you that there are a lot of banks per person in the lesser-populated areas of our country.
Many of the more densely populated areas of the U.S. actually have higher bank failure rates. This might not make sense at first since more people means more money, but these states still have pretty high rates regardless. In 2010, Florida had the highest number of bank failures with a total of 29 failures. California came in at number four with 13.Georgia, Illinois, and Washington also had really high bank failure rates.
The moral of this story is that if you are going to borrow from a bank, you want it to be a healthy one. Just because your state has a large number of banks, such as with California, this does not mean that the bank will be particularly healthy. Home equity loans especially need to be careful here. Borrowing from just anyone is not the best idea. Rather than look at the sheer number of banks, you need to look at the number of banks in comparison to the number of people in a community. Banks in North Dakota are going to be healthier than banks in California or Florida simply because more people are placing their money in an individual bank. More banks are not equal to better health. You want a bank with a lot of business. Looking for a home equity line rate MA is tough, you want to make sure that the bank you ultimately decide to do business with is going to continue to be able to do business with you for the foreseeable future. North Dakota and Arkansas, although unlikely places, tend to have healthier banks than more densely populated areas.
The state that has the most banks might surprise you. First of all, you need to realize that the U.S. has more banks than any other countries in the world, including having the most branches. This is a big feat, especially considering there are countries like China and India out there that have more than twice the population of the U.S. If you’re looking for a home equity loans, MA, starting in your local area is probably your best bet. But you don’t have to limit yourself just to your home state.
The state of North Dakota has the most banks per capital of any state in the Union. This might surprise you because North Dakota doesn't have the largest population when it comes to sheer size. This means that there are a lot more bank jobs as a ratio compared to other careers. If you are looking for help with home equity, looking at North Dakota banks might be of big help to you.
If you are looking at which city has the most banks per person, the answer is also quite surprising. According to a recent study, Mountain Home, Arkansas, had the most banks per capita at one bank for every 338 people. This is by no means a large city, but it does go to show you that there are a lot of banks per person in the lesser-populated areas of our country.
Many of the more densely populated areas of the U.S. actually have higher bank failure rates. This might not make sense at first since more people means more money, but these states still have pretty high rates regardless. In 2010, Florida had the highest number of bank failures with a total of 29 failures. California came in at number four with 13.Georgia, Illinois, and Washington also had really high bank failure rates.
The moral of this story is that if you are going to borrow from a bank, you want it to be a healthy one. Just because your state has a large number of banks, such as with California, this does not mean that the bank will be particularly healthy. Home equity loans especially need to be careful here. Borrowing from just anyone is not the best idea. Rather than look at the sheer number of banks, you need to look at the number of banks in comparison to the number of people in a community. Banks in North Dakota are going to be healthier than banks in California or Florida simply because more people are placing their money in an individual bank. More banks are not equal to better health. You want a bank with a lot of business. Looking for a home equity line rate MA is tough, you want to make sure that the bank you ultimately decide to do business with is going to continue to be able to do business with you for the foreseeable future. North Dakota and Arkansas, although unlikely places, tend to have healthier banks than more densely populated areas.