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Scott Bessent: “45% of our small and community banks disappeared since the…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Rep. Van Duyne questions Secretary Bessent at Ways and Means - June 4, 2026

Published | Video Starts at 03:41

And that's what we're seeing too, that in terms of Main street coming back, one of the things, I spent my career in the financial sector and 45% of our small and community banks disappeared since the great financial crisis. Senator Warren likes to say, ooh, we might have a bank failure. She killed 45% of the small banks. Yeah. (03:41–03:48)

CLAIM

Asserts that 45% of small and community banks have disappeared since the financial crisis.

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