US EditionClosing of Rural Banking Agencies: Impact on Villages and Local Trade
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On the Riotord market, the subject is still in conversation. The only banking agency in this village of Haute-Loire closed permanently at the end of July, to the regret of the elected representatives, inhabitants and traders. The agency of Crédit Agricole in this village of 1,200 souls, south of Saint-Etienne,
The closure of the only banking agency in Riotord, Haute-Loire, is part of a national trend to reduce the number of agencies and vending machines, particularly in rural areas. Between 2006 and 2023, France lost 15% of its agencies and 1,500 distributors disappeared in 2024 alone. Residents, traders and elected officials denounce the difficulties of access to cash, especially for elderly or low-moving people, as well as the negative effects on th…
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