junctionist
Senior Member
At one time, there was no deposit insurance. If a bank failed (which they did all the time), you were left with nothing.
Under those conditions, banks desperately needed to look safe. Hence all the Greek columns and solid stone facings -- they gave the potential client the illusion of permanence and stability.
Once full deposit insurance was introduced, that requirement disappeared, and banks could build the cheapest outlets they wanted.
That's an interesting theory, but it doesn't explain the fine modernist branches that were built across the city in the postwar period, particularly the Don Mills pavilion branches which made ample use of glazing.
Bank architecture has really declined and it's not just new construction that has been affected, but also their older branches which often have interiors stripped of any old trim and exterior facades with generic signage. Fortunately some new branches still see investment in architecture, but I think they're a rare minority.