What's with the Banks?

So everyone familiar with Forest Hills knows it's like Bank Mecca. You literally can't spit without hitting a bank. Then I read this in this morning's Daily News and almost fell off my chair. What is with the banks? Are we becoming our own little Wall Street or something?

Flushing Savings Bank plans to open its newest branch at 107-11 71st Avenue, the former site of The Zone clothing store, where it will compete with more than 10 other banks in a ONE BLOCK radius, according to construction workers at the site.

There are even rumors that a bank will move into the former site of Value Depot, a 71st Avenue bargain store that closed last month.

What in the world is this all about?