Most community banks put their emphasis on the needs of local businesses, families, and the entire community.
MIAMI (PRWEB) October 13, 2018
Lawrence Fishburne, the successful actor and philanthropist, will be introducing a community banking segment on the popular ‘Information Matrix’ program. The piece explains the concept of community banking and why it can be beneficial in many cases. The main difference between a community bank and a large or multinational bank is in their possession of assets and the size of the area they serve. Community banks often have assets worth $1 billion or less. The segment will address the disparity in size, and how community banks can operate in a way that is most beneficial to the surrounding area.
Most community banks put their emphasis on the needs of local businesses, families, and the entire community. Because of their size, and because they are not publicly traded companies, that often eliminates the need to service special interests. People that are looking for loans may be more likely to find them from community banks than larger banks. Community banks often serve the interests of small businesses. They take part in community activities, and they have a better understanding of what the community needs than bigger banks.
For those that wish to learn more about community banking and best practices, they can tune in to this insightful episode of "Information Matrix." The segment presents the information in a short, simple, and clear way.