The Independent Community Bankers of America® (ICBA) and Waterford Bank, N.A. are reminding consumers: Where you choose to bank and with whom matters.
“When you bank locally, you’re reinvesting in your community, contributing to the welfare of your neighbors and building a legacy of prosperity for future generations,” said ICBA Chairman Timothy Zimmerman, CEO of Standard Bank of Monroeville, Pa. “Community bankers power your region’s small businesses and influence job growth one loan at a time. They’re rooted in your community, ensuring they have a stake in your financial success and the strength of the community overall.”
Community banks support local startups—funding more than 60 percent of small business and more than 80 percent of agriculture loans startups—and contribute tax dollars that help maintain local municipalities and keep local neighborhoods viable and vibrant.
As we recognize April as Community Banking Month we want to thank our existing customers for their patronage and urge those who we hope to count as future customers to consider the benefits of banking locally:
- Community banks respect and honor their community ties. 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.
- Community banks understand and embrace local businesses. A study from the 12 Federal Reserve banks found that small businesses that apply for loans with community banks are the most successful and most satisfied. Waterford and ICBA celebrates local entrepreneurship on the third Wednesday of every month with Go Local Wednesday by supporting local businesses via social media.
- Community banks give back. Serving local communities is second nature to community banks, as reflected in Waterford’s commitment to organizations like Mobile Meals of Toledo, Junior Achievement of Northwest Ohio, the LABRE Project, United Way of Toledo, and more.
Stop by Waterford Bank, N.A. to discuss your financial situation and learn how we can help you realize your financial dreams—and contribute to a more vibrant and sustainable economy in your community. To follow the ICBA Community Banking Month conversation on social media, join Waterford Bank on social media and the #BankLocally hashtag on Twitter.