Monday, September 18, 2023

On Houston, a bank branch replaces a nail salon, and it feels like 2010

The Think Pink Nail & Spa outpost at 215 E. Houston St. closed sometime (last year?) here between Essex and Ludlow. 

And taking its place... a new branch of Popular Bank... per the new coming-soon window signage...
This arrival comes at a time when more and more banks are shutting down neighborhood branches nationwide. 

Per The Street
According to the U.S. Federal Deposit Insurance Bureau (FDIC), large commercial U.S. banking locations have fallen from 8,000 in 2000 to 4,236 by 2021 and 4,194 by 2022. The spider web of U.S. branch bank offices tied to big banks has slid significantly, as well.
As for the 2010 reference, that seemed like a time when any empty storefront would become a bank branch, nail salon or psychic adviser.

1 comment:

Anonymous said...

Popular Bank just closed down one of its branches on Avenue B and East Houston Street about a year ago. Strange that they would open one just a few blocks further away. Since most people do their banking business online these days and cash is gradually becoming obsolete, I am surprised that any new bank branches are being opened.