What is a Community Bank and Why are they Important?
A community bank is a financial institution dedicated to serving local communities. These banks offer personalized services and build strong relationships with their customers, often providing more accessible and tailored financial solutions than larger banks. They play a crucial role in supporting the local economy by offering essential banking services to individuals and small businesses. The money deposited in a community bank is reinvested locally through loans, helping to enhance and grow the area.
Beyond financial services, community banks play a significant role in community development. They frequently engage in local initiatives, such as supporting small businesses, funding community projects, investing in local municipalities, and providing financial education. These efforts drive economic growth, create jobs, and enhance the quality of life for residents.
Community banks prioritize building relationships. When you save and spend with community banks, your money is invested in local and small businesses, fostering community growth and prosperity. This leads to thriving neighborhoods and a better quality of life for everyone.
Discover the Benefits of Banking with a Community Bank
- Community Focus: Community banks, such as Regional Missouri Bank, are deeply committed to our communities. We prioritize local well-being by actively supporting events and charities that bolster the local economy. Many of our employees are involved in civic clubs and contribute their time to various government and organizational committees. By choosing a community bank, you ensure your money stays local, fostering a thriving community.
- Direct Access: At Regional Missouri Bank, you’ll have direct access to decision-makers, ensuring quicker responses and greater flexibility for your financial needs. Management is accessible and open to customer interaction, so you’ll speak with real, local people instead of automated systems.
- Financial Services: Even though Regional Missouri Bank is a community bank, we offer the same advanced banking services as larger banks. From checking and savings accounts to home, personal, agriculture, and business loans, we have you covered. Enjoy modern conveniences like debit and credit cards, online and mobile banking, mobile check deposit, bill pay, text alerts, and overdraft protection. Plus, you get the added benefit of speaking with a real person whenever you need assistance.
- Local Decision-Making: With an intimate knowledge of the local economy, community banks factor in the needs of the community when deciding to grant a loan. While larger national banks might only play a numbers game, a community bank’s insight into local market conditions leads to more business loan approvals.
- Personalized Attention + Service: Employees at community banks, like Regional Missouri Bank, take great pride in valuing their customers as individuals. Many know their customers by their first name and consider them neighbors. These meaningful relationships drive our employees to provide exceptional service and make flexible decisions. From the desk of our CEO to the teller window, our employees have a passion and commitment to provide expectational service to all our customers.
Choose what’s important to you
Since our first location opened its doors in 1908, Regional Missouri Bank has provided financial services to residents and small businesses throughout North Central Missouri. While we’ve expanded, we’re here to stay.
Choosing a community bank means knowing where your money goes. You get personalized service and competitive rates, while supporting your local community. It’s a win-win for you and your community.
For your personal or small business financial needs, stop by one of our nine branches, or contact us today.