Planning in a Consolidating Banking Industry – Revisited

In August 2015, a colleague of mine wrote an article titled Planning in a Consolidating Banking Industry.
Now that it is 2019, I took a look at the article to determine whether his predictions, as shown below, are accurate and if there is a decline in banking organizations.

“On December 31, 1999, there were 8,356 banking organizations active in the United States (see chart below). Banking organizations consist of independent banks and thrifts, one-bank holding companies and multibank holding companies. On March 31, 2015, there were 5,977 banking organizations, a decrease of 2,379 or 28.5% from (the beginning of) 2000…How many banking organizations will there be in the next five years, or even next 10 years? I have discussed this with many industry experts who predict that there will be as little as 3,000 organizations by 2025. Just looking at the recent trend, there will be fewer than 5,000 institutions before 2020.â€