Community Banks are Keeping Small Sustainable

Community banks with assets under $15 billion in the Pittsburgh metro area leverage their flexibility and local connections to compete with larger banks. Despite challenges like high interest rates and market volatility, these smaller banks play a crucial role in local economic growth by maintaining strong relationships with small businesses. The percentage of unprofitable banks has risen, especially among those with assets under $1 billion. Community banks face pressure to grow while managing higher interest rates and regulatory changes. However, many have successfully increased deposits by focusing on service quality and local leadership, exemplified by banks like Community Bank.

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How small community banks are demonstrating advantages over big competitors - Pittsburgh Business Times (bizjournals.com)