but why all the banks?

Halo299 · Post by **Halo299** » Wed Jan 23, 2008 6:31 am

a couple of years ago a number of rumors started flying around that my smallish size town was about to grow. that a lot of stores and a new mall were about to move in.

we noticed lots of land started being marked for construction and everyone got very happy.

but it was just a bank being built.

in the past year three banks have been built on the street i live on. not counting all the other new banks that i haven't noticed or simply forgotten about.

so far we haven't seen anything on our new mall or anything like that, but they are about to put another bank on main street.

does anyone understand what is happening here? why would all these banks want to come here all of a sudden? does it have anything to do with the rumors of our new mall?

This is really bothering me.

-halo

Aeridus · Post by **Aeridus** » Wed Jan 23, 2008 8:49 am

Yeah, I can't see the point of that many banks unless there's a place to spend money *in*.

Warmachine · Post by **Warmachine** » Wed Jan 23, 2008 2:39 pm

This is what happens when you have a highly competitive profession at the upward end of a trade cycle: the manipulative, short term thinkers make spectacular profits and take over the management. They then embark on expansion programs, oblivious that the insane schemes that got them there are precisely the reason the whole merry-go-round is about to crash.

Expect the banks to offer even more credit in a last effort to keep it all going. Then foreclose when the inevitable happens.

Orwell · Post by **Orwell** » Wed Jan 23, 2008 3:02 pm

I've noticed that as well here, WTF are SO MANY bloody banks doing here, although I do expect that my home town will eventually turn into a huge community, it's already a bedroom community for seattle.

Nithos · Post by **Nithos** » Wed Jan 23, 2008 7:12 pm

It's the first wave of invasion, you're being annexed by Switzerland. If you start seeing high quality chocolates on the shelves, it's already too late.

Halo299 · Post by **Halo299** » Wed Jan 23, 2008 7:31 pm

Nithos wrote:It's the first wave of invasion, you're being annexed by Switzerland. If you start seeing high quality chocolates on the shelves, it's already too late.

...there is high quality chocolate around here now. dear god what have we...wait, no.

I'm cool with Switzerland this will work.

for real though, i don't see the point in the influx of banks unless there is more money coming into the community somewhere, and since nothing new has opened up yet (or been built) i don't know where that extra cash could have come from.

unless the banks want to get set up before everything else and try to get on even footing with the established banks before the new money comes in. That is the only thing that makes sense to me.

-halo

LeftTentacleGreen · Post by **LeftTentacleGreen** » Thu Jan 24, 2008 12:17 am

This is Wisconsin. This place was practically founded by Germans and the Swiss.

My forefathers were relocated here after the industrial revolution created a population surplus in Switzerland.

Swordsman3003 · Post by **Swordsman3003** » Thu Jan 24, 2008 9:07 am

My dad worked for a bank for 5 years, and I asked him.

The answer?

Banks know that you are something like 80% likely to do your checking or whatever at the nearest, physically close bank. So they have to build as many branches as possible in order to get good traffic.