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Article: Community banks are their own toughest competitors
- Article from:
- Bank News
- Article date:
- March 1, 2002
- Author:
CopyrightCopyright Bank News, Inc. Mar 2002. Provided by ProQuest LLC. (Hide copyright information)
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Community banks are aggressively courting business customers, expanding sources of income and grappling with a shortage of qualified employees, according to a new joint survey by the American Bankers Association (ABA) and the ABA Banking Journal.
The survey compiles the views of top management at 921 community banks across the country and offers benchmark data on business banking, noninterest income, human resources, funding, technology and trust banking.
"The survey shows that community banks continue to adapt to changes in the marketplace," said Steve Cocheo, executive editor of ABA Banking Journal. "But what's most interesting is that, despite these changes, the toughest competition ...