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Where You Choose to Bank Matters
Community banks make our community better, stronger
Where you choose to bank matters. Consumers have the power to make change happen at the community level by aligning with their community bank and putting their money to work in the neighborhood that they call home.
Your choice of bank is your vote on where your money goes. When you deposit funds in your community bank, that money is redistributed back into the community in the form of loans to residents and entrepreneurs.
From local farms to small businesses, banking locally with a community bank connects you to your community and your neighbors and gives everyone a stake in its financial success. Here’s how:
- Community banks respect the communities they serve by doing right by their customers and community. Community banks and local communities have symbiotic relationships—one cannot thrive without the other.
- Community banks are relationship lenders. They know their customers and understand their financial needs, unlike larger institutions that take a transaction-based approach to banking.
- Community banks understand and celebrate local economies. As small businesses themselves, community banks are an unequivocal resource for entrepreneurs looking to launch a local small business. A recent study found that small businesses that apply for loans with community banks are the most successful and most satisfied.
- Community banks give back. Serving local communities is second nature to community banks.
As a local community bank, we see the positive power of community banking play out every day. At State Street Bank, we have the privilege of serving our local community residents and their families by making loans that help them buy a home, pay for a vehicle, or send a child to college—whatever it is, we’re there and happy to lend a hand. We also have the honor of serving many of our town’s small businesses through loans to help them get started, grow and succeed.
We’ve also served many of the local farms and agricultural enterprises that have been part of our community for generations. And we’re working with the next generation of entrepreneurs to help launch their exciting ideas and bring our community into the future. This is local money at work—a symbiotic relationship between bank and community that makes sense.
Making our community better and stronger is something that we all have a stake in!