Trust and Loyalty - Community trust bank
Posted: Jun 01, 2016
While thinking about community trust bank a few things pass our mind. Quick decisions on the credits, personal service, trust, and local help are some of the things that conjure in our mind. They are indeed the top reasons why people choose the community bank over the larger national banks. With these banks you get the opportunity to reinvest in the community.
The local people trust these banks and they are loyal to it. When they need the money, they apply for loan and they are served quickly. The people, who decide whether you can get the loan or not, are present at the bank in your local area. They are easily accessible and always willing to help the clients. They make the process of lending extremely quick and efficient. Whether you want to start the community bank savings account or apply for the loan, the service is more personal and reliable.
The best thing about community banks is that the employees there know the local people personally. This is the reason why when you step into the bank for help, they are always there to hear out your personal situation. Based on your situation they recommend the most suitable offers to you. This means that the services you get are tailor made to your needs. This is the reason why there is so much trust and loyalty.
There are several community banks spread across the country. These banks operate locally in the small rural areas. But you will be surprised to know that these banks are also there in the suburbs as well as in the big cities. These banks play a very vital role in improving the overall economy of the country. They lend the money to the local people. A study shows that these banks fund as much as 60% of the small businesses.
Here are some of the advantages of the community trust banks:
Personal service: When you pick your phone and call the community bank, your call is not getting connected to someone who is sitting thousands of miles away from you. In fact, your call will be connected to some location in the local area and you will talk to someone who is from the local community. Even services like community savings account can result in the long-lasting relationships between the client and the bank. There are certain banks that have served several generations of a single family. This goes on to tell the kind of trust and loyalty these banks can generate.
Enhanced local economy: Community banks are there to serve the local people. They lend the money locally – to the people who work and live in the area – and this helps in the growth of the community. Also, most of the money they lend goes to the neighbourhood. This means the money goes to the same place from where they get their depositors. This makes the local community even healthier.
Sponsorships: The community banks are often the first to raise their hands when it comes to sponsoring the local talents and sports.
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