Banks Experiencing Decrease in Transaction Volume During Pandemic
National Bank of Commerce tells Fox 21 that they have been experiencing a decrease in transaction volume, however, loan applications have picked up.
DULUTH, Minn. – Banks have been experiencing a mix of customer response amid the COVID-19 crisis. National Bank of Commerce tells Fox 21 that they have been experiencing a decrease in transaction volume, however, loan applications have picked up. Officials say the state of banks is better than they were during the subprime mortgage crisis. “The banking system is much…