Michigan Communities Face Bank Desert Concerns Amid Closures

Banking Access Reaches Multi-Decade Low as Michigan Branches Shutter

Bank closures across the U.S. are accelerating in 2025, with more than 1,000 branches shuttered in 2024, and this year’s total is projected to exceed that figure. Flagstar Bank, a Michigan-based commercial lender, currently leads the pack, having filed to close 44 branches so far this year.

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