Banks articles

Defining a Community Bank—Past and Present

Defining a Community Bank—Past and Present

After decades of transformative growth and change, relationship banking continues to distinguish community banks By Bill McDonald and Tim Cook Not really that long ago, nearly every bank in America was a Main Street community bank. And virtually every one was a locally owned and operated financial institution, where local bankers knew their customers and

On a Superstorm Rebound

With hands-on help from community banks, many New York and New Jersey families and small businesses affected by Hurricane Sandy are on the road to recovery By Michael J. Blankenheim Nearly a year after Hurricane Sandy, Staten Island’s Midland Pharmacy is making a comeback, thanks to a rebuilding loan from Victory State Bank. “If it

Giant Slayers

ICBA Membership Focus Lessons learned competing head to head in megabank hometowns By Tam Harbert Has your community bank ever sent Valentine’s Day cards? For the last two years, Carolina Premier Bank has sent them to the residents in its marketplace of Charlotte, N.C. Actually, the bank’s cards are more like anti-Valentine’s Day notes: The

A New Venture

Auto service center concept gets startup help from Indiana community bank By William Atkinson Bill Floyd has been an avid “car guy” his whole life. And he and his wife, Brenda, have always talked about going into business together. So when Floyd heard five years ago that the nearby Indianapolis Colts’ stadium would be named

Feedback Loop

Several community advisory boards guide a growing Pennsylvania community bank By Judith Sears Community banks, as a whole, are really close to and knowledgeable about the communities they serve. But Ted Peters, chairman and CEO of Bryn Mawr Trust Co. in Bryn Mawr, Pa., believes that purposeful and efficient use of community advisory boards is

Lights, Camera, Action!

Robbery movie brings fun to 1st National Bank of Scotia along with a big boost to the local economy By Michael Blankenheim Robert Dieterich, chief financial officer of 1st National Bank of Scotia, N.Y., was not supposed to be in the movie about a bank robbery. But he was asked at the last moment—the film’s

Charting a New Course

Sound Community Bank doesn’t shy from reviewing its charter options or making a switch By Michael Lotti A community bank’s charter is like its constitution, so it should be hard to change, right? Not according to Laurie Stewart, president and CEO of Sound Community Bank, a $395 million-asset community bank with six retail locations in

A Culture of Giving

Community service begins from within at OakStar Bank By Michael Lotti For its president and CEO, OakStar Bank’s National Community Bank Service Award stems from its employees’ commitment to community banking: “Value starts and stops with the people in the organization, so we empower our people to explore their passions and take the lead,” offers

Business Friendly

A California community bank embraces local entrepreneurs by offering financial literacy programs specifically for small businesses By Audrey Wright-Cipriano Individuals don’t open businesses expecting to fail, yet a staggering number do. According to the Small Business Administration’s Office of Advocacy, approximately half of all new business ventures fail during their first five years of operation.

Going the Extra Distance

Three ICBA members exemplify the creativity and giving spirit of community banks nationwide Volunteer community service is the hallmark of community banking. Along with superior customer service, special local lending expertise and common-sense practices, actively making their communities better places to live and work is what distinguishes community banks from all other financial services providers.

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