> No new banks have opened in the U.S. since 2009 From 2009 to 2013 only 7 new banks were formed, fewer than 2 per year. Many industry observers have suggeste

> No new banks have opened in the U.S. since 2009 From 2009 to 2013 only 7 new banks were formed, fewer than 2 per year. Many industry observers have suggested that the decline is primarily due to regulatory burden, including new FDIC regulations and the 2010 Dodd‐Frank Act. But other influences could have played a role, in particular, the current weak economy. https://www.federalreserve.gov/econresdata/feds/2014/files/2014113pap.pdf https://www.federalreserve.gov/econresdata/feds/2014/files/2...