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Article: Community banks will thrive by meeting customers' needs. (Column)
- Article from:
- American Banker
- Article date:
- December 13, 1993
- Author:
CopyrightCOPYRIGHT 1993 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the wave of mergers and acquisitions continues and community banks are under siege more than ever, it is appropriate to revisit the question: Will community banking survive?
This is an especially valid question in light of the virtual elimination of certain segments of community banks in specific geographic markets. For example, in North Carolina, two-thirds of the thrifts were absorbed within one year.
One answer is in the number of new banks being chartered each year in the United States.
Amazingly, de novo banking is strong despite growing restrictions and mounting obstacles on the formation of new banks.
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