The future of community banking

Community banking is essential to the U.S. economy. It is grounded in relationships and personalized services that larger banks cannot match. Small businesses rely on lending from these institutions, which offer services nationwide in cities and rural areas. Yet, according to Federal Deposit Insurance Corp. (FDIC) data, the number of U.S. community banks decreased by 46% over the past two decades, dropping from 7,620 in 2003 to 4,129 in 2023.Moderated by David Rubinger, market president and publ