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#100949 - 07/25/03 05:01 PM Community Bank
Anonymous
Unregistered

Can anyone give me a good definition of what constitutes being a 'community bank'? - I have looked everywhere and can't seem to find anything.

Thanks in Advance

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General Discussion
#100950 - 07/25/03 05:03 PM Re: Community Bank
Andy_Z Offline
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In the CRA definition it is $250MM in assets. But is that a good test, NO. When I have taught on community bank subject matter, a poll will often show banks of $1B in there because they consider themselves to be community (oriented) banks in the way they service their customers.
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#100951 - 07/25/03 05:06 PM Re: Community Bank
Anonymous
Unregistered

So in other words, it's more or less self-defined - one of those feel=good marketing terms.

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#100952 - 07/25/03 05:09 PM Re: Community Bank
Richard Insley Offline
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Toano, VA
Yes, that's it. Size of the service area is another self-test that's sometimes used. As your "footprint" becomes statewide or regional it gets harder to call yourself a "community bank."
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#100953 - 07/25/03 05:12 PM Re: Community Bank
RBanker Offline
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RBanker
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Austin Texas
Cool - Thanks guys - first time I've posted a question - what quick response!!!!
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#100954 - 07/25/03 05:21 PM Re: Community Bank
Don_Narup Offline

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Las Vegas Nevada
Please don't make it the last - - # 99,591
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#100955 - 07/25/03 05:26 PM Re: Community Bank
Richard Insley Offline
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Richard Insley
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Toano, VA
You'll find this to be a good group of folks. Y'all come back now, y'hear.
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#100956 - 07/25/03 07:22 PM Re: Community Bank
111 Offline
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111
Joined: Jun 2003
Posts: 484
Here's the best I've been:

A bank that gets its deposits from friends, neighbors and customers. That makes loans in the community. Whose community involvement is more than just money - it is time, energy and long term commitment. That is locally owned and managed. Where customers, employees and shareholders are equally important.


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#100957 - 07/25/03 07:36 PM Re: Community Bank
Anonymous
Unregistered

That's actually phenomenal T - I am going to save that one.

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