A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve.
In the United States, community banks are defined as independent banks and savings institutions holding companies with aggregate assets less than $1 billion. From 1985 to 2004 they comprised 94% of all banks in the United States, but the proportion of expanding total national deposits that the Community Banks held declined from about 25.89% of all U.S. deposits in 1985 to 13.55% of the U.S. deposits in 2003.
List of community banks
- One PacificCoast Bank, FSB of California, Washington, and Oregon, also a CDFI
- Community Bank, N.A. of Upstate New York and Northeastern Pennsylvania, subsidiary of Community Bank System, Inc.
- Community Bank (Oregon) of the states of Oregon and Washington
- First Northern Bank
- Union First Market Bank, Virginia
- Northern State Bank of Virginia, Minnesota
- U.S. Federal Deposit Insurance Corporation
- Credit unions in the United States
- Mutual savings bank
- Regional bank
- Provident Savings Bank
- "Trends in Community Banking". FYI: An Update on Emerging Issues in Banking. Federal Deposit Insurance Corporation (FDIC). 18 May 2004. Retrieved 3 November 2011.
- Tim Critchfield, Tyler Davis, Lee Davison, Heather Gratton, George Hanc, and Katherine Samolyk. (January, 2005). "The Future of Banking in America Community Banks: Their Recent Past, Current Performance, and Future Prospects". FDIC Banking Review (Volume 16, NO. 3). Federal Deposit Insurance Corporation (FDIC). Retrieved April 30, 2012.
- Jones, Kenneth D.; Critchfield, Tim (January 2006). "Consolidation in the U.S. Banking Industry: Is the "Long, Strange Trip" About to End?". FDIC Banking Review (Vol. 17 No. 4). FDIC. Retrieved April 30, 2012.
- FDIC Future of Community Banking Conference (February 2012) Statistics and conference presentations.
- ICBA (Independent Community Bankers of America - ICBA)
- ICBA - Community Bank Locator