04/12/2017: What Sets Community Banks Apart

Where you bank matters

Your choice of bank is your vote on where your money goes.

Consumers have the power to make change happen at the community level by aligning with their community bank and putting their money to work in the neighborhood that they call home. The decision to bank local, is the decision to support our communities, to help strengthen our local businesses and give back to our neighbors. 

Benefits of Community Banking
The following information is provided by the Independent Community Bankers of America (ICBA).


• Local Focus
Unlike larger banks that may take deposits in one state and lend in others, community banks channel their loans to the neighborhoods where their depositors live and work, which helps local businesses and communities thrive.


• Relationship Banking
Community bank officers know their customers and may consider family history and discretionary spending in making loans. Loan officers at megabanks apply impersonal qualification criteria, such as credit scoring, without regard to individual circumstances.


• Provide Innovative Solutions
Community bankers also work hand in hand with customers to ensure they have access to the best innovations possible to meet their needs – such as the most secure, reliable and convenient payment options.


• Lending Leadership to Small Business
According to the Federal Reserve’s 2016 Small Business Credit Survey: Report on Employer Firms, community banks are the small business lender of choice.


• Timely Decision-Making
Community banks offer nimble decision-making on business loans because decisions are made locally. Megabanks must often convene loan-approval committees that are located in another state, far away from their customers.


• Community Engagement and Accessibility
Community bank officers are typically deeply involved in their local communities, while megabank officers are often detached from the communities where their branches are located.


• Focus on Main Street
As local small businesses themselves, community banks only thrive when their customers and communities flourish. They answer to Main Street. Megabanks are driven by shareholder value and answer to Wall Street.


About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at

At Tioga State Bank, we will continue to prioritize supporting our communities where we live and work through personalized customer service, fast local decision-making, and a full range of banking services to meet our customers’ needs. 


Additional Resources:

Where You To Choose To Bank Matters

Community Banks Build Communities

Community Banking Month 2017