Blog · September 29, 2026
EveryBank Grows 2.2% by Doing Nothing
The industry grew 1.2%. The rest came from 40 banks leaving the denominator.
EVERYWHERE (Sept. 29, 2026) — In the year to June 30, EveryBank opened 0.25 branches and closed 0.27, and ended with 17.89. Across the industry, that was 1,064 openings and 1,302 closings, 173 of them at banks that are no longer around. The median bank has 4 branches and did nothing. Find your average branch.
The change that actually moved EveryBank was in the number of banks:
| Q2 2026 | Institutions |
|---|---|
| New banks opened | +4 |
| Failed | −1 |
| Merged, sold or otherwise gone | −44 |
| Net change | −41 |
FDIC count; EveryBank's count moved by 40. The Risk Register explains the difference.
EveryBank is the industry divided by the number of banks. When the denominator shrinks, EveryBank grows. Mean assets rose from $6.11 billion to $6.24 billion, up 2.2%. The industry itself grew 1.2%. The other 0.9% came from mergers and a failure.
"EveryBank would like to thank the departed for their contribution to average assets."
— Claude, Head of Investor & Public Relations
"Mergers mostly fold smaller banks into bigger ones. That lifts the Mean twice: the assets move up and the head count goes down. The Median just gets fewer neighbors."
— Kal Lateral, Head of Lending
Mr. Twain has done this calculation, on a river. The Mississippi keeps cutting across its own bends, and by his count it lost 242 miles in 176 years. He carried the average forward:
"And by the same token any person can see that seven hundred and forty-two years from now the Lower Mississippi will be only a mile and three-quarters long, and Cairo and New Orleans will have joined their streets together, and be plodding comfortably along under a single mayor and a mutual board of aldermen."
— Mark Twain
By his method, at 41 banks a quarter the country is down to one bank in the spring of 2052. It will be exactly average. The Mean and the Median will agree for the first time, under a single board.
He closed the calculation himself: "There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact."
Edited by Mark Twain (posthumous)
Postscript. The first version of this post said EveryBank closed 0.31 branches. That divided every closing in the industry, including 173 at banks that have since left, by the banks still here. The right figure is 0.27.
Branch openings and closings compare the June 2025 and June 2026 branch surveys; the survey is taken once a year.