Why Choose a Community Bank? A Closer Look at Our Social and Economic Impact

Whether you’re looking to open your first bank account or you’re exploring options beyond your current bank, it’s worth considering a community bank as your next financial home.

Community banks may not always have the national footprint of large banks, but local institutions make unique social and economic contributions that benefit individual customers and our community as a whole.

If you’ve never had an account at a community bank, you may not be familiar with the modern conveniences and local services that make these financial institutions so unique. Take a few minutes to find out what you get when you join a community bank.

Investing in Local Businesses

Small businesses are the backbone of every community. As a financial institution rooted in your community, your local banks have a vested interest in supporting local businesses through their banking services.

Community banks are a great resource for small business loans and other financial services. Banking with these institutions gives them the stability required to meet the needs of local businesses. The larger a community bank’s customer base, the more capital it can reinject into your community through loans for local businesses.

Even if you aren’t a small business owner yourself, community banks that invest in local businesses strengthen your local economy, which improves your own financial health.

Wondering if a community bank is right for you? Download this free guide to  learn more. >>

Community Banks Keep Money Local

Large national banks funnel money up the ladder to headquarters and executive boards that live outside of your local community. But a community bank keeps this money local, enriching your town or city. Your relationship with a community bank has a greater overall impact where you live and can even result in better terms and rates for financial products you may need.

In addition, the earnings of these community banks are often used to support community development projects and provide other resources to local organizations.

Giving Back to the Community

At First State Community Bank, we demonstrate our local investment through volunteering and other service projects that help our entire community prosper. One of these initiatives is our annual Impact Month, when our employees provide hands-on help that ranges from beautifying parks to volunteering at local charities.

Through supplies drives and participation from other community members, we’re able to increase our total contributions to the community beyond the excellent financial services we offer to all of our members. We also invite community members to participate in these volunteer and charitable programs, strengthening community ties through our service.

The Same Financial Services Offered by National Banks

Just like national banks, your local bank offers diverse and tech-driven banking services such as mobile and online banking, mobile check deposit, peer-to-peer (P2P) payments, online bill pay, and other convenient tools that today’s banking customers expect.

Banking with a local institution doesn’t mean you have to sacrifice the quality of your services. Instead, you’re able enjoy the modern conveniences of online and mobile banking while also enjoying the close-knit relationship that comes with a community bank.

If your only experience with a community bank was years in the past, it’s worth familiarizing yourself with what modern community banks are able to offer. Most community banks have overhauled their banking services in recent years, adopting new technologies that erase the customer service gap between small and large banks.

Committed to Your Community’s Future

Community banks are committed to their roots in your local area. Local institutions can be counted on to stick around for the long haul, which means you can invest in a long-term relationship with confidence that you can count on their services for years to come.

Interested in learning more about the benefits of keeping your accounts at a community bank? Discover more through our guide, Why You Should Switch to a Community Bank.

Download the Guide: Why You Should Switch to a Community Bank

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