With millions of new customers and their cash flow, community bank leaders believe now is their best way to start reversing decades of bank closures, consolidations and competition from the world’s largest financial institutions.
COVID-19 has been a boon to most community banks, broadly defined as those with less than $ 10 billion in assets, many of which have reported massive windfall as millions of Americans have asked for their help navigating through pandemic assistance programs such as the Paycheck Protection Program.
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