Carmichael Times
Like Us On Facebook Follow Us On Twitter
Founded 1981
Serving Carmichael and Sacramento County
 
  Home Community Finance Employment Your Home Your Money Your Kids Your Health  
  Business Education Politics Police & Fire Veterans' News Real Estate Consumer News Taxes  
  Religion Food Recipes Gardening Car Care Fashion Beauty Pets  
  Lifestyles Sports Feature Writers Events Environment Human Interest Technology Travel  
 
$2.99 .Com at GoDaddy! Local Classified Advertising
Pay Legal Ads Online
Messenger Publishing Group
Shop Local Carmichael Rewards Program
Constant Contact




Your Money

Consumers Encouraged To Bank Locally With A Community Bank

Posted: 1/11/2013

In addition to lending to local customers, community banks under $10 billion fund nearly 60 percent of all small-business loans between $100,000 and $1 million in the U.S.
In addition to lending to local customers, community banks under $10 billion fund nearly 60 percent of all small-business loans between $100,000 and $1 million in the U.S.

(NAPSI)—Some maintain that “all politics is local” and others claim that there are multiple benefits to eating locally grown food and patronizing local merchants.

Now an initiative is applying that same point of view to banking. If a consumer is going to make an effort to shop locally, supporters of the initiative ask, “why not bank locally?”

That’s the idea behind an effort called Go Local. Sponsored by the Independent Community Bankers of America (ICBA), its goal is to inspire consumers and businesses alike to invest in their community by banking with their local community bank.

The American Spirit

According to Jeff Gerhart, ICBA chairman and chairman of Bank of Newman Grove, Nebraska, “Community banks proudly embody the American spirit of Main Street by lending to local small-business owners, helping area families achieve financial stability and enabling their local economy and community to thrive.”

Small-Business Supporters

Located in small towns, suburbia and big-city neighborhoods, community banks under $10 billion work to improve the nation’s communities by lending to local customers and funding nearly 60 percent of all small-business loans between $100,000 and $1 million in the U.S.

“As small businesses themselves, community banks are relationship lenders that only thrive when their customers and communities do the same, so taking care of their customers and looking out for the best interest of their community is the way they do business,” said Camden R. Fine, ICBA president and CEO.

And while community banks are locally based financial institutions, they certainly aren’t small potatoes when it comes to lending and creating jobs.

Of the more than 7,000 community banks across the country, nearly 5,000 are ICBA members. Representing more than 24,000 locations nationwide and employing nearly 300,000 Americans, ICBA members hold more than $1.2 trillion in assets, $1 trillion in deposits and nearly $750 billion in loans to consumers, small businesses and the agricultural community.

For more information and to find a community bank near you, visit www.banklocally.org.

Advertisers

left Pause Right
 

 




About The Carmichael Times | Copyright Notice
Carmichael Times| Paul V. Scholl, Publisher
P.O. Box 14 | Carmichael, CA 95609-0014 | Telephone: 916-773-1111 | Fax Line 916-773-2999
Email: publisher@MPG8.com | Site Designed and Hosted by TheSiteBarn.com
ISSN#: 1948-1918

Like Us On Facebook Follow Us On Twitter