What is the Definition of a Community Bank?

We used to consider any bank under $1 billion in assets a “community bank.” But I think the true definition of a “community bank” today is any bank “headquartered” in our local communities. These are the banks that are truly supporting our communities. These are the banks that have been here for us giving back to our communities. These are the banks that employ our neighbors, friends and families. These are the banks that provide the loans for our small businesses, entrepreneurs and new home owners. These are the banks that call us by name when we walk into a lobby and are glad we are there! These are the banks that offer all the electronic products and services that we want today, yet offer the good old-fashioned service that says “your financial success is important to me.” How do you define a community bank? I say it’s the people in our community who live, work, pray and play in our community and the proof is in the address!