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Reasons to have a local bank
Community banks consistently outperform big banks in customer satisfaction, scoring 83 out of 100 compared to 79 for national banks in 2025. Local banks often offer better deposit rates and lower fees ...
If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds ...
With more than 28 years in banking – and the last 12 focused specifically on community banking – I have seen firsthand the powerful role that local financial institutions play in helping people and ...
Expert quote: Community banks "have the insights into local economic conditions, as well as the business opportunities that define the market they serve," said Eric Chan, Morningstar vice president ...
Policymakers must avoid looking at community banks as institutions of the past that no longer have a place or function in our financial system and stop prioritizing large banks and technology ...
Research shows that almost three quarters of consumers believe that financial institutions should support their local communities, an expectation that directly influences banking decisions and ...
Community banks hold just 13.5% of U.S. banking assets but still anchor rural branches, farm credit and local business lending. Technology is narrowing the scale gap, letting small banks digitize ...
If policymakers are serious about sustaining American innovation, they should consider what happens downstream of bank ...
Many businesses prefer community banks but turning that goodwill into growth will require better data and more flexible ...
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