ROCHESTER — Do you say, "It’s probably a bank," when you see commercial construction in Rochester?

If you do, you’re not alone. The popular belief is that Rochester has a bank or credit union branch on every corner, but is that accurate? Not quite, but it can seem that way.

Rochester income levels are higher than the state average and its population is growing. Plus the “economic engine” of Mayo Clinic is fueling strong economic growth with its massive $5 billion “Bold. Forward. Unbound. in Rochester” project.

All of that means there is a lot of money in Rochester, which is the catnip that attracts banks and credit unions.

But the former popularity of bank branches is waning a bit in Rochester as it is across the country, though credit union branches are on the upswing.

Nationally,

See Full Page