The term "local banks" refers to financial institutions that are located within a specific geographic area or community. These banks typically serve individuals and businesses in their immediate vicinity, providing them with various banking services such as checking accounts, savings accounts, loans, mortgages, credit cards, and other financial products. Local banks often have a deep understanding of the local economy and can tailor their services to meet the unique needs of their customers. They are also typically more accessible than larger national or international banks, with branches and ATMs located throughout the community they serve.