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Community banks eye emerging markets

Nearly half of the community banks intentionally reach out to serve consumer groups in underserved markets or those who may bank outside of the financial mainstream of a federally insured depository institution, according to results of a survey conducted by the Independent Community Bankers of America.

"An overwhelming 85 percent of community banks participating in the survey said reaching out to consumers in emerging markets will play a role in the future business of their community bank," said Karen Tyson, ICBA senior vice president and director of communications. "Community banks are once again demonstrating that they are in tune with the needs of their communities by providing services ...

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