Community bank

A community bank is a depository institution that is typically locally owned and operated. Community banks tend to 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. Employees often reside within the communities they serve.

In the United States, community banks are defined as independent banks and savings institutions and bank and savings institution holding companies with aggregate assets less than $1 billion.^[1] From 1985 to 2004 they comprised 94% of the banking industry.^[1]

See also

• U.S. Federal Deposit Insurance Corporation
• Credit unions in the United States
• Mutual savings bank
• Regional bank

List of community banks

• First Northern Bank

References

1. ^ ^{a b} "Trends in Community Banking". FYI: An Update on Emerging Issues in Banking. Federal Deposit Insurance Corporation (FDIC). 18 May 2004. http://www.fdic.gov/bank/analytical/fyi/2004/051804fyi.html. Retrieved 3 November 2011. 

External links

• ICBA (Independent Community Bankers of America - ICBA)
• ICBA - Community Bank Locator