Finance b0y!

Lets first talk about one single type of bank, keeping the USA perspective in mind. Community banks are most common type of banks and account for over 90% in the banking industry in North America. They are normally not very huge corporations, and most of them are in the range of sub 1 billion dollars. Community banks offer you the same services which large banks would do. Checking accounts, savings, overdraft facilities, lockers, etc. You name it and they will be able to provide it to you.

There are advantages to transact with community banks over large corporations because they give you the personal touch which other large banks can’t give. They understand the needs of the particular area in which they are setup and are able to get the people a better deal which everyone deserves. For example Ohio community banks focus more on Ohio residents and are a very effective bank under the large umbrella of community banks.

Community banking is also regulated by the government under FDIC , so you don’t need to fear that your money is not safe in smaller banks. It is just the same as it would be in Bank of America! So now, hopefully all your misconceptions about banking with community banks can be put to an end!