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Poll results

Sponsored by: OTELCO

Like other industries, banking has endured a wild ride since the start of the pandemic a year ago. And in recent months the pace of change has only increased.

Some banks, such as JPMorgan Chase, are expanding their brick-and-mortar footprints in Maine. Other institutions, such as TD Bank, are shrinking them.

Maine is often described as “over-banked,” especially in southern parts of the state. But some communities are "banking deserts," with few options for customers who are seeking face-to-face, in-person services.

 

Does Maine have enough retail banking branches, or would it benefit from more?
Maine seems to have about the right number of bank branches. (23%, 51 VOTES)
Maine could use more bank branches in underserved communities. (31%, 69 VOTES)
Maine is over-banked and has more branches than it needs. (46%, 102 VOTES)
Poll Description

Sponsored by: OTELCO

Like other industries, banking has endured a wild ride since the start of the pandemic a year ago. And in recent months the pace of change has only increased.

Some banks, such as JPMorgan Chase, are expanding their brick-and-mortar footprints in Maine. Other institutions, such as TD Bank, are shrinking them.

Maine is often described as “over-banked,” especially in southern parts of the state. But some communities are "banking deserts," with few options for customers who are seeking face-to-face, in-person services.

 

  • 222 Votes
  • 2 Comments
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2 Comments

  • February 10, 2021

    Too many small local credit unions and savings bank branches. Consolidation will be neccessary before margins become stronger.

  • February 8, 2021

    Everything is electronic banking nowadays. Only need a branch one or two times a month.