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Article: Investments & Insurance Growth.(trends among community banks)
- Article from:
- US Banker
- Article date:
- March 1, 2003
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Also according to Grant Thorton, 33 percent of community banks offer insurance products, 43 percent offer mutual funds, and 45 percent offer brokerage services. But those percentages are expected to grow to 65, 66, and 69, respectively, in the next three years.
Community banks have historically made personal connections with their customers, which helps to position them well in today's investment marketplace. "The poor financial market performance and the reputation hits that some major brokerages have taken have caused customers to look elsewhere for their investments, and we're seeing them look more and more to community banks," says Bill Reid, President of ...