FDIC reports that now there are only a third as many banks as there were in 1980. This trend is also true for credit unions.
What is surprising is that studies show that size is not necessarily the determining factor when comparing those that have survived to those that have been liquidated or merged.
In fact, some of the smallest banks have done quite well over the last 40 years.
So, what are the factors that separate a financial institution (FI) that has done well from a financial institution that has ceased to exist?