Focus articles

President and CEO Joanne Rau of Chelsea State Bank poses with customer Jerry Bridges, his dog, and the community bank’s Mark Burmis, and Steve Saules

Will recreational lending grow past the pandemic?

Many community banks and their dealership customers saw rising demand for recreational loans as consumers, including many first-time buyers, looked to boats, RVs and other vehicles for an escape during the pandemic. Experts say this sector will remain strong this year and beyond.