The number of commercial banks in the U.S. stood at 5,141 as of June 30, 2016, down 20% from 6,402 at the end of 2010. Over that period, deposit assets increased 42% to $11.2 billion from $7.9 billion. The consolidation of the banking sector can be tied to a number of factors impacting the profitability of their business models including low interest rates and stricter government regulation on the contents of their balance sheets.
