Published Journal of Money, Credit and Banking Online 26 Nov 2025 Published Dec 2025The Effects of an Aging Population on the Structure of Bank Assets and LiabilitiesPanagiotis Avramidis · George G. PennacchiUsing 2001-2022 annual data on U.S. commercial and savings banks matched with county-level demographic data, this paper shows that banks operating in areas with older populations—measured by the …