Community Bank

Community Bank

An independent, locally-owned commercial bank. It operates exclusively in and derives its funds from the community in which it is based. It is sometimes easier to obtain a loan from a community bank because it may have better knowledge of the local market. It is also known as an independent bank.
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Headquartered in DeWitt, New York with assets of nearly USD11.0bn, Community Bank System Inc.
Quarles defined a community bank as a bank or thrift with less than $10 billion in assets, in constant 2005 dollars.
15 July 2019 - New York, US-based Community Bank System, Inc.
CFG Community Bank,alocally owned and operatedcommunity bank, has been ranked third nationally by the Independent Community Bankers of America (ICBA) as a top performing bank between $300 million and $1 billion in assets.
"When you bank with a community bank in Arizona the money stays here and those funds directly build and support local businesses instead of adding profit to investment groups in New York City," she added.
Moneywisehas been chosen to operate the Community Bank, which will operate as a low cost lender and look, feel and work like any other high street operator.
large community banks. The following banks were reviewed as part of Fitch's Large Community Bank Peer Group: Central Pacific Financial Corp.
Banks with assets of less than $10 billion that exceed the "community bank leverage ratio" will be considered "well capitalized" and effectively exempt from all risk-based capital requirements, including Basel III and its predecessors.
Access to banking services at the county level has remained strong and the average number of bank branches per community bank has increased, the report stated.
More than eight in 10 community bank customers (86%) and credit union members (88%) report they initiated an account discussion, compared with slightly more than six in 10 customers of national banks (61%).
The last community bank chartered in North Carolina was Coastal Bank & Trust, Jacksonville, North Carolina.
However, a new survey by the Independent Community Bankers of America[R] (ICBA) found that approximately three-quarters of community bank respondents said new mortgage regulations are keeping them from making more residential mortgage loans in their communities.

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