The recent failures of Silicon Valley Bank, Signature Bank, and First Republic Bank are expected to accelerate the closure of local bank branches, which have been dwindling in number for some time. The closures are likely to occur as acquisitions reduce the overall number of banks. The National Community Reinvestment Coalition (NCRC) warns that banks of similar size to the collapsed ones might face similar challenges. However, retail brokers and some experts believe that the decline in branches may not be a cause for concern, as banks recognize the value of a physical presence on Main Street and vacant spaces can be easily repurposed.