Friday, February 25, 2022

More Than Enough…..

No matter where we’ve traveled around the US, as we explore in our little RV, we find shopping similarities. Most mid-size/large towns have at least one busy street with strip mall after strip mall. You find grocery stores, mattress stores, Dollar Stores, gas stations, a Target or Walmart etc…..many options that we recognize from our own neighborhood in Milwaukee.

One thing we immediately noticed about Fairhope as we drove to our rental was all the banks. One corner would feature Wells Fargo, SmartBank and First Horizon. Two blocks later we would spot PNC, BB&T, centennial Bank and Hancock Whitney. And continuing on we’d see South State Bank, TBC Coastal Banking and First Horizon. Out of curiosity I went to google to see how many banks were in Fairmont and stopped counting at 19.

So I began to wonder how there could be enough people using all these banks and keeping them afloat? Fairhope has a population of 21,100 so even if I double that to include surrounding neighborhoods there are 42,200 people supporting these institutions….2,200 folks for each bank. And then when I google and find that “the average American has $3,500 in a savings account” (which brings up another worrisome pondering on my part) I again wonder how all these bands can stay in business?

Obviously Fairmont has more than enough banks to service the community…..hmmmmm……

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