By going local and banking locally, consumers will be making a hometown investment they can be proud of. The money they deposit in their community bank will be reinvested in ways that drive their local economy, such as in the form of loans to local residents who want to buy a home or to small business owners who are looking to open shop on Main Street.
Community banks are invested in their communities and their customers. As small businesses themselves, community banks only thrive when their customers and communities do the same, so taking care of their customers and looking out for the best interest of their community is ingrained in the way they conduct their business.
When consumers call their local community bank, they’ll be reassured to know that they won’t be talking to someone halfway across the globe. Instead, they will be talking with their community banker who lives and works in the same community they do.
Whether located in small towns, suburbia or big-city neighborhoods, community banks improve America’s communities by funding nearly 60 percent of all small businesses under $1 million and by using local dollars to help families purchase a home, buy a car, finance college and build financial security.
By driving local economies and creating local jobs, community banks are an integral part of our financial system and play a key role in our nation’s economic recovery.
Of the more than 7,000 community banks across the country, nearly 5,000 are ICBA members. Representing more than 23,000 locations nationwide and employing more than 280,000 Americans, ICBA members hold more than $1 trillion in assets, $900 billion in deposits, and $700 billion in loans to consumers, small businesses and the agricultural community.
To find your local community bank, visit ICBA’s community bank locator at www.icba.org/locate. Simply type in your zip code and the app will show you all the community banks in your area. You can even download free ICBA locator apps for your iPhone, Android or Blackberry.