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Jamesburg, NJ: Per Capita Bank Branch Capital Of The World
Forbes Markets
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3-19-2009 10:32 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/49089e6a-18aa-44f5-869f-f9cb55a18454/8E0BFD6F-C873-4797-A252-1D2A125AF482/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.oddhead.com/2009/03/19/jamesburg-new-jersey-per-capita-bank-branch-capital-of-the-world/" href="http://blog.oddhead.com/2009/03/19/jamesburg-new-jersey-per-capita-bank-branch-capital-of-the-world/" style="font-size: 11px;">blog.oddhead.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.oddhead.com/2009/03/19/jamesburg-new-jersey-per-capita-bank-branch-capital-of-the-world/"><P>By 2007, Jamesburg, New Jersey, a <A href="http://en.wikipedia.org/wiki/Jamesburg,_New_Jersey">town of 6,000</A>, had four walk-in bank branches — Bank of America, Constitution, PNC, and Sovereign — complete with bricks, mortar, tellers, and aura of trust along its quaint “Main Street” downtown corridor. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.oddhead.com/2009/03/19/jamesburg-new-jersey-per-capita-bank-branch-capital-of-the-world/"><P>Apparently that wasn’t enough.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.oddhead.com/2009/03/19/jamesburg-new-jersey-per-capita-bank-branch-capital-of-the-world/"><P>In 2008, Chase Bank and TD Bank broke ground. Thousands of motorists now pass them every weekday morning on their way to the New Jersey Turnpike and again every evening on their way home. If I had a hand in it, I might insert a drive-thru restaurant, of which there are currently none, into the path of commuters. But I don’t and the Invisible Hand chose otherwise: to erect two more banks for a total of six banks <A href="http://maps.yahoo.com/#mvt=h&lat=40.350587&lon=-74.438213&zoom=17&tt=bank&tp=1&q1=Jamesburg%2C%20NJ%2C%2008831">within one square mile</A>, or one for every 1000 residents. (To be fair, the surrounding township has 30,000 people, but probably a dozen more banks.)</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8E0BFD6F-C873-4797-A252-1D2A125AF482/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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