GRSB helps celebrate community bank monthPublished by emzabinski on Fri, 2014-04-04 14:51
Washington, D.C. -- The Independent Community Bankers of America (ICBA) and thousands of its community bank members celebrate ICBA Community Banking Month—a month full of community pride for local residents, small businesses and the community banks that proudly serve them. Throughout April, ICBA will encourage consumers and small businesses who are interested in building more economically sustainable communities to check out what their community bank has to offer.
“Community banks help local families achieve financial stability while also driving small business lending in their communities—keeping America’s communities economically healthy and vibrant,” said ICBA Chairman John H. Buhrmaster, president of 1st National Bank of Scotia, N.Y. “Throughout April, ICBA and its members will celebrate the unique and vital role that community banks serve in their communities, while educating consumers and small business owners about the benefits of banking locally with their community bank.”
Community banks are relationship lenders that thrive when their customers and communities do the same. Taking care of customers and looking out for the best interest of local communities is the community banking business model.
There are almost 7,000 community banks, including commercial banks, thrifts, stock and mutual savings institutions, with more than 50,000 locations throughout the United States. Assets may range from less than $10 million to $10 billion or more. Community banks constitute 96.8 percent of all banks.
“Hometown banking has thrived for more than 100 years here in Grand Rapids thanks to loyal customers who believe in the community bank business model,” Noah Wilcox, ICBA board member and GRSB president and CEO, said. “The future for community banking is bright, and I encourage everyone to Go Local and realize the difference that a community bank can make in their lives now and for years to come.”