Eagle Bank and Trust Company’s Post

Interesting read if you're in or looking to move into the Community Banking arena. "While the biggest banks are getting bigger, the smallest are growing too. Community banks, which typically have less than $10 billion in assets and a concentrated footprint, grew deposits by about 1% in the third quarter from a year earlier. Credit unions grew deposits by a similar amount. Their loan books grew by 10% and 9%, respectively. Both far outpaced the broader banking industry, according to federal data." https://lnkd.in/gjdW5Y6N

It is encouraging that this proposed rule would exempt community banks with less than $10B in assets. The ICBA accurately states in this article that our community banks offer specialized overdraft products and services that are customized to meet the needs of their customers and local markets. #communitybanking

Choosing where to bank and where to get a Free Checking Account is an important decision! Learn why a community bank like Mechanics Cooperative Bank is a great option for you. #FreeChecking #CommunityBank #BankLocal #LetsKeepItLocal

It's #GetSmartAboutCredit Day! We're joining the American Bankers Association Foundation to promote financial literacy in teens and young adults. Below are tips from the #vabankers to help students shape their financial future: 1. Set yourself up for success by creating a realistic budget and sticking to it. 2. Watch your spending and remember wants vs. needs. Pace spending and increase saving by cutting unnecessary expenses like eating out or shopping. 3. Use credit wisely. Understand the responsibilities and benefits of credit, as it can affect you well after graduation. Pay as much as you can, as soon as you can, and always pay by the due date. 4. Utilize your bank services such as check cashing, debit cards, mobile and online banking, balance alerts, personal loans, direct deposit, financial education and identity theft protection. 5. Save, save, save! Things happen, and it's important that you are financially prepared when an unexpected emergency occurs. No matter how small the amount, you should start putting some money away immediately.

Have you heard of the terms "unbanked" and "underbanked"? These terms refer to individuals who do not have a relationship with any bank or those who have a checking account but rely on loans or credit cards for banking needs. NFCC's Bruce McClary discusses with Bankrate the most common reasons for both scenarios and how to solve them. “There are community #banks and #creditunions that have creative programs to provide a pathway toward restoring your relationship or creating a new one with a bank or a credit union,” McClary says. #PersonalFinance #Finance101 #FinancialLiteracy https://loom.ly/VGDvHo4

Check out this insightful story by Imani Moise of the The Wall Street Journal that highlights the benefits of community banks and credit unions. According to the story, "some bank customers are going small, pushing back against a wave of consolidation that has concentrated deposits and loans in a handful of the largest banks. Many have found that making a switch not only gets them more face time with bankers, but they are also earning more and paying less." At Federal Home Loan Bank of San Francisco, we are a proud partner of community banks, credit unions, and local lenders. Together, we advance homeownership, affordable housing, and economic development across Arizona, California, and Nevada. Read the story: https://lnkd.in/eSKEEy7D

Helping our customers reach their financial goals is how we measure success. Come in today and let's turn your dreams into reality together! #CommunityBanking #KentuckyBanking #SmallBusiness #FinanceProfessionals

If you are looking for insights into how you can be competitive, thrive, and grow, I recommend reading this article about Pinnacle Bank, a family-owned and operated community bank. #familybusiness #familyowned #familyownedbusiness #lovefamilybusiness

A full Stock Yards Bank & Trust team composed of Fraud, Research, Mortgage Banking & Business Banking taught Financial Literacy, Fraud & Scam Prevention at Kentucky Refugee Ministries, Inc. last week. This is part of a series of Financial Education classes Stock Yards Bank has been teaching since December 2023! Don't forget to check out our latest blog post from our Chairman & CEO regarding the importance of financial literacy at https://brev.is/Pkhrp #FinancialLiteracyMonth #MoneySmart #FinancialEducation

Did you know that April is Community Bank Month? Take some time this month to learn why community banks, like Osgood Bank, are so important. From personalized customer service to supporting local businesses, community banks play a vital role in our neighborhoods. Stay tuned to learn more about the impact of community banks this month! Why Community Banks Matter https://bit.ly/4cBS0yJ