The past several years have been eventful for community banks in the U.S. We overcame the Great Recession, adapted to a new regulatory environment, and evolved to adapt to new technologies – including competition from new financial industry disruptors. These changes have come at a cost. The number of federally insured banks has dropped from 7,357 in 2011 to 5,980 in 2016, according to the FDIC. But despite the challenging environment community bankers have faced, it seems that we're turning a corner--and the conversation at last week's ABA National Conference for Community Bankers was proof of this. Mirroring the positive sentiment we're seeing among small businesses, conference discussions reflected a new level of confidence and optimism nonexistent in recent years.
Mar-2-2017, 23:25:06 GMT