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Defining Year For Internet Banking?

Tuesday, March 19, 2013 - 6:05 PM
This MarketWatch article reviews the growth of internet banks. The most interesting thing mentioned in the article are some stats:
Overall, online-only banks saw their deposits rise to $364 billion in 2012, up 32% from 2010 and more than 400% from 2004
the number of U.S. bank branches dropped by more than 750 last year, to 97,337
The online-only share of the banking industry is still fairly small, representing 4.2% of deposits. But a few key factors still bode well for Internet banks.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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