Bank of Luxemburg
takes pride in serving our friends and neighbors! Our customers appreciate our
hometown service and personal attention. And, as a community bank, we make our
loan decisions locally with a quick turnaround times. Community banking is one
very important way rural areas grow and prosper!
Just one of the
many ways community banks build better communities
Washington, D.C. (April 13, 2015)—During ICBA Community
Banking Month, the Independent Community Bankers of America® (ICBA) celebrates
the nation’s community banks for their unparalleled role in helping America
grow by lending to local farmers, ranchers and agricultural enterprises and
serving as financial first responders to the agricultural economy.
“Community banks are essential to the
overall health and financial success of rural America because they provide an
overwhelming share of credit to local farmers and ranchers,” said ICBA Chairman
Jack Hartings, president and CEO of The Peoples Bank Co., Coldwater, Ohio.
“Many community banks have been serving agricultural enterprises and family
farms in their communities for more than 100 years. And because community banks
are small business owners themselves, they are better able to serve their
agricultural customers because they understand the local market first-hand and
have highly specialized expertise in the agriculture business.”
Across the nation, community banks operate
52,000 locations, employ 700,000 Americans and hold $3.6 trillion in assets,
$2.9 trillion in deposits and $2.4 trillion in loans to consumers, small
businesses and the agricultural community.
Community banks have consistently been the
largest provider of agricultural credit within the commercial banking sector
and are often the catalysts for new and expanded business opportunities within
their communities to ensure long-term economic viability and vitality. In fact,
community banks provide $57 billion in agriculture loans.
“Community banks stimulate rural economies
in a multitude of ways, including creating jobs, maintaining the local tax base
and facilitating development of the infrastructure and public services
necessary to keep rural communities vibrant,” Hartings said.
To take part in the conversation on ICBA
Community Banking Month, follow #BankLocally on Twitter.
