How community banks survive despite competition from giants

Read the original Daily Herald article here.

Here is a brief summary of the article:

• Community banks are locally owned and operated and play a vital role in providing small business loans, agricultural loans, and commercial loans.
• Community banks focus on personal relationships with customers and developing a long-standing local presence, while keeping up with technological advancements.
• Community banks have more flexibility than larger banks, often providing loans to customers who have been rejected by larger banks.
• The COVID-19 pandemic has accelerated the adoption of online banking, which community banks have embraced to better serve their customers.
• Community banks are active locally and often participate in community initiatives and events.