Community Bank

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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.
References in periodicals archive ?
In fact, at the end of 2002, community banks accounted for 89% of all banks in the United States.
The American Bankers Association (ABA), through its Corporation for American Banking (CAB) subsidiary, exclusively endorses BISYS' core information processing solution as the recommended solution for community banks.
It seems to me that the FASB doesn't understand the environment in which community banks, and other small businesses, operate.

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