A community bank is a bank system that is usually locally owned and operated. Community banks usually focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses, and farmers.[1][2]
References
[change | change source]- ↑ "Trends in Community Banking". FYI: An Update on Emerging Issues in Banking. Federal Deposit Insurance Corporation (FDIC). 18 May 2004. Retrieved 3 November 2011.
- ↑ "Appendix A: Study Definitions" (PDF). FDIC Community Banking Study 2020. Federal Deposit Insurance Corporation. 16 Dec 2020. Retrieved 6 June 2021.
