Why does it seem like there are so many more banks in the U.S then in Canada?

Question

Why does it seem like there are so many more banks in the U.S then in Canada?

Answer 1

American banks seem to be generally smaller organizations, covering only a small region.  Canadian banks are generally large national organizations.

Answer 2

seems Canada has a sparse population

it's full like in big places like Toronto but there are some places that are really low in population

the US is more populated

it's my take