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Community Banking

Only 38% of U.S. adults are comfortable discussing their bank account balances
Since the late 1960s, banking industry pundits have predicted the demise of the retail branch
To afford their holiday purchases, 72% of shoppers will make financial trade-offs while only 31% intend to use a credit card
The bank plans to hire 75 community managers by 2030 to serve areas with limited banking access
The average purchasing power for middle-income families in August was 102.2%, up from 101.5%
There has been an average of 1,646 branch closures each year
Half of lenders believe small- and mid-sized business lending fraud can be prevented
The rise in tax-exempt credit unions acquiring tax-paying community banks violates federal tax exemption, ICBA argues
Only 40% understand the data provided by banks’ personal financial management tools
Majority of small business owners saw growth despite facing labor challenges
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