Definition of «community banks»

Community banks are financial institutions that serve a specific geographic area or community. They are typically smaller in size compared to larger national banks and have a focus on providing personalized service, building relationships with customers, and supporting local economic development. Community banks often have a deep understanding of the needs and challenges faced by their customers and work closely with them to provide tailored financial solutions that meet those needs. They are also typically more involved in their communities through sponsorships, donations, and volunteer efforts. Overall, community banks play an important role in providing access to capital for small businesses and individuals within their local area.

Sentences with «community banks»

  • Our bankers provide the local expertise and fast turnaround you expect from one of the top community banks in our area. (fbtonline.com)
  • What's more, there's a pretty good chance you can find an even better deal elsewhere, such as with community banks and credit unions. (creditabsolute.com)
  • Think of them in the way you would a small community bank from years ago. (debt.org)
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