I’ve noticed that too where I live. There’s actually one intersection where they’re building 4 banks, one on each corner. It’s happening in other parts of town too. It baffles me. I live in a growing area but there can’t be that many people with money moving here to justify the amount of banks that are springing up.

However, it’s not just banks. They’re also throwing up new retail areas too even though most of the already built ones are only about 60-70% occupied. I think there is going to be a lot of pain in the next few years.