Community banks create community closeness no matter what challenges arise
Washington, D.C. (March 25, 2020) — At a time of social distancing, the Independent Community Bankers of America (ICBA) wants consumers to know that community banks put the “community” into banking and are here to serve the needs of their customers and communities throughout the coronavirus pandemic and beyond.
“Community banks will continue to create community closeness no matter what challenges arise,” said ICBA President and CEO Rebeca Romero Rainey. “Community banks have been around for generations and have seen it all. They are the economic bedrock of their local economies and are focused on helping their customers and communities flourish.”
Romero Rainey encouraged consumers who have questions about their finances to reach out to their local community bank. “If you are a community banking customer who has questions, I encourage you to speak with your community banker—this is when having that relationship really counts,” she said. “And if you are a consumer who doesn’t have a banking relationship, please don’t hesitate to reach out to your local community bank. We exist to serve and can help local consumers navigate questions and concerns.”
To help consumers better understand what makes community banks special, ICBA offers the following facts:
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
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