Community bank

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A community bank is a depository institution that is typically locally owned and operated.^{[citation needed]} Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses, and farmers.^{[citation needed]} Employees often reside within the communities they serve.^{[citation needed]}

In the United States, community banks are not clearly defined.^{[citation needed]} Most agencies^[who?] base this term on aggregate assets size with varying definitions such as less than $1 billion (Office of the Comptroller of the Currency) up to less than $10 billion (Federal Reserve Board and Government Accountability Office).^[1] Beyond size (as measured by assets), the Federal Deposit Insurance Corporation (FDIC) imposes a number of additional requirements on institutions classified as community banks.^[2] From 1985 to 2004 community banks comprised roughly 94% of all commercial banks in the United States, but the proportion of total national deposits held by Community Banks declined from about 25.89% of all U.S. deposits in 1985 to 13.55% of the U.S. deposits in 2003.^[1][3][4] The decline in community banking prevalence in the United States has drawn the attention of economists and policymakers, some of whom have argue that community banks play an important role in macroeconomic stability.^[5][6][7]

• United States Federal Deposit Insurance Corporation
• Mutual savings bank
• Regional bank

• FDIC Future of Community Banking Conference (February 2012) Statistics and conference presentations.
• ICBA (Independent Community Bankers of America - ICBA)
• ICBA - Community Bank Locator Archived 2011-05-08 at the Wayback Machine
• Switch to Community - Community Banking News and Locator Archived 2017-10-12 at the Wayback Machine