Comments on: R.I.P.: The Death of the Small Community Bank http://smallbiztrends.com/2009/02/death-small-community-bank.html Exploring the trends driving small business Sat, 26 May 2012 02:28:25 +0000 hourly 1 http://wordpress.org/?v= By: New Bank Built for Small Business Owners » The StartUp Blog at PartnerUp http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-664072 New Bank Built for Small Business Owners » The StartUp Blog at PartnerUp Thu, 23 Jul 2009 13:06:16 +0000 http://smallbiztrends.com/?p=10239#comment-664072 [...] few months back Small Business Trends posted on the death (or at least decline) of small community banks. It stated that between 1992 and 2008 the number of U.S. commercial banks with less than $100 [...] [...] few months back Small Business Trends posted on the death (or at least decline) of small community banks. It stated that between 1992 and 2008 the number of U.S. commercial banks with less than $100 [...]

]]> By: bankalchemist http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-655148 bankalchemist Wed, 25 Feb 2009 00:46:41 +0000 http://smallbiztrends.com/?p=10239#comment-655148 Community Banks or Independent Banks will never disappear as they have been part of the fabric of commerce since Hamilton, Jefferson, Washington and Lincoln. People always want to believe they have a choice. We often forget that while banking is a transaction business it is a relationship with the banker that sustains it over time. Todays small banks can operate more efficiently than their large counter parts as they can be paperless from the day they open. They actually have a greater selection of technology driven products than the large banks. oh and recently we all learned the to big to fail theory was flawed. we need to return to a time where we knew our bankers and they knew us but we do need ones who are more business astute than just bankers. this site has a lot of content on the subject www.denovobanks.com Community Banks or Independent Banks will never disappear as they have been part of the fabric of commerce since Hamilton, Jefferson, Washington and Lincoln. People always want to believe they have a choice. We often forget that while banking is a transaction business it is a relationship with the banker that sustains it over time. Todays small banks can operate more efficiently than their large counter parts as they can be paperless from the day they open. They actually have a greater selection of technology driven products than the large banks. oh and recently we all learned the to big to fail theory was flawed. we need to return to a time where we knew our bankers and they knew us but we do need ones who are more business astute than just bankers. this site has a lot of content on the subject http://www.denovobanks.com

]]> By: Friday Memos | Create a company online http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-654114 Friday Memos | Create a company online Sat, 07 Feb 2009 07:24:05 +0000 http://smallbiztrends.com/?p=10239#comment-654114 [...] Friday Memos February 7th, 2009 Goto comments Leave a comment - Study shows community banks are becoming more obsolete, as the banking industry consolidates. And that's bad news for entrepreneurs, who often rely on personal relationships with their banker for loans. [SmallBizTrends] [...] [...] Friday Memos February 7th, 2009 Goto comments Leave a comment – Study shows community banks are becoming more obsolete, as the banking industry consolidates. And that’s bad news for entrepreneurs, who often rely on personal relationships with their banker for loans. [SmallBizTrends] [...]

]]> By: Friday Memos | Create a corporation online http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-654113 Friday Memos | Create a corporation online Sat, 07 Feb 2009 07:15:28 +0000 http://smallbiztrends.com/?p=10239#comment-654113 [...] Friday Memos - Study shows community banks are becoming more obsolete, as the banking industry consolidates. And that's bad news for entrepreneurs, who often rely on personal relationships with their banker for loans. [SmallBizTrends] [...] [...] Friday Memos – Study shows community banks are becoming more obsolete, as the banking industry consolidates. And that’s bad news for entrepreneurs, who often rely on personal relationships with their banker for loans. [SmallBizTrends] [...]

]]> By: Independent Street : Friday Memos http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-654086 Independent Street : Friday Memos Fri, 06 Feb 2009 19:14:38 +0000 http://smallbiztrends.com/?p=10239#comment-654086 [...] - Study shows community banks are becoming more obsolete, as the banking industry consolidates. And that [...] – Study shows community banks are becoming more obsolete, as the banking industry consolidates. And that

]]> By: TJ McCue http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-654053 TJ McCue Fri, 06 Feb 2009 07:17:31 +0000 http://smallbiztrends.com/?p=10239#comment-654053 Hi Anita I can't argue with your data, but working with several clients in the banking world I see community and local banks doing very well. I see your points, but i have to believe that the attributes that draw us to smaller, local banks are what will keep them around. Despite the economy, I know of four new banks being started today. Imagine. And investors are putting their money in to kick these banks into high gear because people want to know where there money is -- in the hands of local people they know and trust. I bank locally with a small community bank for my retirement assets and a few other things and I bank with a large bank (Wells) for my main business banking. The advantages you cite for each are why I put a bit in both baskets. The relationships matter in both cases and I receive service at both banks because I maintain the relationship, and actively try to help each of my bankers with their efforts to land new accounts, customers, etc... Hi Anita
I can’t argue with your data, but working with several clients in the banking world I see community and local banks doing very well. I see your points, but i have to believe that the attributes that draw us to smaller, local banks are what will keep them around. Despite the economy, I know of four new banks being started today. Imagine.

And investors are putting their money in to kick these banks into high gear because people want to know where there money is — in the hands of local people they know and trust.

I bank locally with a small community bank for my retirement assets and a few other things and I bank with a large bank (Wells) for my main business banking. The advantages you cite for each are why I put a bit in both baskets. The relationships matter in both cases and I receive service at both banks because I maintain the relationship, and actively try to help each of my bankers with their efforts to land new accounts, customers, etc…

]]> By: Luz Spielberg http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-654051 Luz Spielberg Fri, 06 Feb 2009 06:51:26 +0000 http://smallbiztrends.com/?p=10239#comment-654051 But some large banks value the business of small businesses. -> It would be best Anita if you could atleast share a few of the banks you know who value small businesses. So we could have that idea who to turn to. But some large banks value the business of small businesses. -> It would be best Anita if you could atleast share a few of the banks you know who value small businesses. So we could have that idea who to turn to.

]]> By: Anita Campbell http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-654018 Anita Campbell Thu, 05 Feb 2009 20:15:17 +0000 http://smallbiztrends.com/?p=10239#comment-654018 @Kris Bovay -- it's true that some banks have disdain for small businesses. But some large banks value the business of small businesses. :) @Kris Bovay — it’s true that some banks have disdain for small businesses. But some large banks value the business of small businesses. :)

]]> By: Esoomllub http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-654004 Esoomllub Thu, 05 Feb 2009 16:18:52 +0000 http://smallbiztrends.com/?p=10239#comment-654004 I think that community banking goes in cycles, and now we are in a consolidation period. Which will be followed by the creation of many "new" community banks. These are the banks I prefer to use (I have a distrust of large banks, partially supported by the TARP excessed). Often overlooked is that if you find a particularly good community banl, they can often make great investments before the next cycle of consolidation comes along. I think that community banking goes in cycles, and now we are in a consolidation period. Which will be followed by the creation of many “new” community banks. These are the banks I prefer to use (I have a distrust of large banks, partially supported by the TARP excessed). Often overlooked is that if you find a particularly good community banl, they can often make great investments before the next cycle of consolidation comes along.

]]> By: Mary Grace Ignacio http://smallbiztrends.com/2009/02/death-small-community-bank.html#comment-653982 Mary Grace Ignacio Thu, 05 Feb 2009 03:38:54 +0000 http://smallbiztrends.com/?p=10239#comment-653982 I'm with WAMU which is now Chase and don't want to support a bank that got bought out. --> I agree Jason. You will really lose that confidence if that's the case. I’m with WAMU which is now Chase and don’t want to support a bank that got bought out. –> I agree Jason. You will really lose that confidence if that’s the case.

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