The Importance of Community Banks

As many people have weighed their large, regional or nationwide banks and found them wanting, more and more people are turning to smaller community banks. These smaller ones are often run by familiar members of the community, which helps to bolster trust in them in an era where the largest of the large banks still exist only because they were given vast amounts of taxpayers’ money. Community banks have their focus on the local people and heir needs – that’s good for their patrons, and that’s Good for Business!

CALEDONIA, Miss.(WCBI)—

Bank of Vernon recently opened its doors in Caledonia for the first time. “In rural areas there is a movement for community banks to do well,” said Bank of Vernon CEO Andy Johnson. “We have all the technology that the larger banks have. We focus on having all those things; mobile banking, online banking, good payment systems and we want all our customers to have all those items and it is an expense but it’s something that if you want to stay in business you have to provide as a bank.”

Bank of Vernon, like many other smaller banks, is striving to bring the conveniences granted by the big boys to their towns, while still maintaining the level of customer service and special attention that they community needs.

According to the Independent Community Banking of America, there are 92 community banks in Mississippi with 731 branches.

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