community bank
Neighborhood financial institution
A community bank is a small, locally operated financial institution that serves a specific geographic area, typically focusing on personal relationships with customers and lending to local businesses and homeowners.
Unlike large national banks, community banks make decisions locally and often have more flexibility in loan approvals: The community bank approved a loan the big banks wouldn't touch.
They emphasize reinvesting deposits back into the communities they serve.
- localOf this area
- small townModest rural settlement
- savingsAccumulated money kept
- credit unionMember-owned financial cooperative
- hometownOne's place of origin
teller · loan · home loan · first mortgage · mortgage · free checking · deposit · safe deposit box · branch · Main Street · neighbors · trust · checking · small business · vault · drive-through · handshake · interest
- bankingATM, ATMs, account, accounts, deposit
- small townmayor, town square, council, general store, diner
- shared ownershipco-ownership, shared ownership, joint ownership, collective ownership, group ownership
- fintechfintech, digital wallet, mobile payment, digital wallets, digital payments
- savings institutionssavings and loan, thrift
- cooperative financeco-op, cooperative, credit union, credit unions, building society
community bankmegabank
Massive financial institution
national bank · JPMorgan Chase · Bank of America · Wells Fargo · Citibank
community, bank, commune, communal, communally, communes, communing, communed, communion