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Article: The days after...What does Sept. 11 mean for community banks?

Article from:
Bank News
Article date:
October 1, 2001
Author:
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The country was faced with a soft economy, even before the horrific events of Sept. 11 took place. In the aftermath of the terrorist attacks, how will community banking be affected? John M. Floyd, a leading consultant to the banking industry, responds below.

How will the soft economy, together with the events transpiring since Sept. 11, affect the profitability and operations of community banks?

A soft economy has never been good for community banks. In the short term, however, I'm not sure it's going to aggravate things any further. Community banks are more removed from the "mega banks" most affected by the World Trade Center disaster. Those giant banks will suffer more from the ...

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