How Can Your Community Bank Help You?
01/10/2024
How Can Your Community Bank Help You?
While your community bank offers many important services and functions for its consumers, it also engages in the community at large. Your community bank not only provides tailored services and industry education but is also deeply connected to supporting local initiatives and small businesses. If you would like to learn more about how your community bank can help you, keep reading!
One of the biggest advantages of a community bank is that the people working at the bank usually live in the same community you do. Because of this they are aware of the products and services that will best support you and help you meet your financial goals. Not only are they able to provide high tech services like mobile check deposit, but they can also better take in feedback for what their consumers want.
Furthermore, your community banker is likely to focus on making great connections with customers. If you have a question about products and services, chances are you already have a name or phone number to call for questions. This level of service allows your community bank to be deeply invested in helping you fulfill your financial goals.
Another way your community bank can help you is through industry education. As a community bank, they are better able to keep an eye on any fraud or scams affecting the specific communities they serve. They can offer tailored education to their customers. Keeping their customers abreast of threats like phishing and romance scams is imperative to ensuring their customers’ financial well-being. If you would like to learn more about prominent scams and fraud, visit TheSavingsBankOhio.bank/blog for the latest news on scams and industry education.
Finally, your community bank can help you by supporting local initiatives and being an integral part of growing small businesses in your area. Community banks usually take an active role in supporting local causes and nonprofits. They will often provide monetary donations, volunteer, or arrange events in support of the community. If you would like to know the local initiatives your bank supports, their Facebook page is an excellent place to check! You can find us at Facebook.com/TheSavingsBankOhio.
According to the FDIC, over one-third of small business loans come from community banks. Investing in small businesses locally ensures your community bank does its part to build up the community and provide opportunities for its residents. Not only this, but your community bank can also help you if you are a small business by providing networking opportunities and making lending decisions locally and with the community in mind.
The Savings Bank loves being your community bank! We believe in engaging in the community to provide necessary education, support charitable initiatives, and provide opportunities to local small businesses. We look forward to another great year serving our communities!
Sources:
https://www.fdic.gov/resources/community-banking/report/2020/2020-cbi-study-4.pdf