Search Results
Journal Article
Community Banks' Ongoing Role in the U.S. Economy
In recent decades, both the number of community banks and their share of U.S. banking assets have steadily declined, raising questions about the future of community banking. In addition to competitive pressures from larger banking organizations, community banks face growing challenges from broader economic consolidation, changing demographics, and rapidly advancing financial technologies.Matt Hanauer, Brent Lytle, Chris Summers, and Stephanie Ziadeh explore the role of community banks in the U.S. economy, the challenges they face, and their outlook for the future. They find that despite their ...
Journal Article
"Future of Banking: Navigating Change” Conference Highlights Opportunities and Challenges for Community Banking
On June 5, experts from the financial industry and regulatory community gathered at the Federal Reserve Bank of Kansas City. While panelists discussed challenges for community bankers, such as rising funding pressures and difficulty attracting talent, they also highlighted opportunities. As faster payments and strategic third-party relationships help level the technological playing field, community banks may be better able to differentiate themselves through relationship banking.