04/12/2017: Where You Choose to Bank Matters

Community banks make your community better, stronger

A Message from Bob Fisher:

Where you choose to bank matters. Your choice of bank is your vote on where your money goes. Are your hard-earned deposits reinvested back into our local community? Or are they sent off to a banking hub in another state or halfway around the world?

As more consumers realize the benefits of keeping their money local, I encourage you to think about how banking locally right here in the Southern Tier of NY and Northern PA can go a long way in helping our local community thrive. For example, when you deposit funds into your community bank, you can trust that your money is being redistributed back into the Southern Tier of NY and Northern PA in the form of loans to fellow residents and entrepreneurs. With larger banks, your money could go anywhere.

As a local community banker and resident myself, I see the positive power of community banking play out every day. At Tioga State Bank, we have the privilege of serving other Southern Tier of NY and Northern PA residents and their families by making loans that help them buy a home, pay for a vehicle, or send a child to college—whatever it is, we’re there and happy to lend a hand. We also have the honor of serving many of our town’s small businesses through loans to help them get started, grow and succeed.

We’ve also served many of the local farms and agricultural enterprises that have been part of our community for generations. And we’re working with the next generation of entrepreneurs to help launch their exciting ideas and bring our community into the future. This is local money at work—a symbiotic relationship between bank and community that makes sense.




During April, which is Community Banking Month, I encourage you to think about where you bank and how your money has the power to make a meaningful impact on our community. From local farms to craftsmen to startups, banking locally with a community bank connects you to your community and your neighbors and gives everyone a stake in its financial success. Here are a few reasons why:

  • Community banks respect the communities they serve by doing right by their customers and community. 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, unlike larger institutions that take a transaction-based approach to banking.
  • Community banks understand and celebrate local economies. As small businesses themselves, community banks are an unequivocal resource for entrepreneurs looking to launch a local small business. A study from seven Federal Reserve Banks found that small businesses that apply for loans with community banks are the most successful and most satisfied. In fact, 97% of our commercial loans finance local small businesses.
  • Community banks give back. Serving local communities is second nature to community banks. At Tioga State Bank, we take pride in making our community stronger through various service projects and donations. Over the past several years, Tioga State Bank has donated more than $400,000 to local nonprofits—neighbors helping neighbors.

Making our community better and stronger is something that we all have a stake in. We hope you will join us in continuing to make the Southern Tier of NY and Northern PA thrive and prosper for years to come!