I. Introduction Community banking is a term that is becoming increasingly familiar to people in the United States. But what does it actually mean, and how does it differ from traditional banking? It refers to banking services provided by smaller, locally-based financial institutions, such as credit unions or these banks, that are focused on serving the needs of their local communities. These banks provide personalized, customer-focused services that are tailored to the needs of their customers. In this article, we will explore the concept of community banking in more detail, looking at its role in the financial industry and the benefits it provides to both customers and communities. II. What is Community Banking? This banking refers to banking services provided by smaller, locally-based financial institutions that focus on serving the needs of their local communities. These banks are typically smaller than traditional banks and are often owned and operated by members of the community they serve. One of the main differences between community banks and traditional banks is their focus on personalized, customer-focused services. These banks often pride themselves on providing a high level of customer service, offering customized solutions to meet the unique needs of their customers. In addition … Continue reading The Role of Community Banking in Local Economies