Posts Tagged 'Banks'

We’re all familiar with the eerie reports about ships and planes mysteriously disappearing in the Bermuda Triangle. Now there is even a more sinister Bermuda Triangle being created in small towns throughout the United States: small community banks are disappearing.

Robert Barone, founder and economist of Universal Value Advisors in Reno, Nev., wrote in a blog last year that from 1983 to 1989, the number of new community bank charters averaged 297 a year. In the 1990s and throughout much of ...