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The Lifecycle of a Community Bank

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The Lifecycle of a Community Bank

Posted On: April 15, 2019 by First Community Bank and Trust in: Community Banking, Community Banking Advocacy, Community News, General

If you’ve ever participated in career day at a local elementary school, you’ll probably relate to this story. A banking colleague visits her son’s kindergarten class and amid explaining the role of a community banker, one eager child pipes up and says, “It’s like the lifecycle of a plant!”   He’s right—community banks like First Community Bank and Trust take in deposits, distribute loans and feed into a self-sustaining micro-economy by keeping funds in their local communities. The idea of “sustainability” is linked to a lot of our local activities these days—whether it’s reusing or recycling products that otherwise might be tossed out, sampling culinary delights from the local grocery store or family-run diner or choosing to buy American-made products to support our national economy. There are plenty of reasons why eating, dining and banking locally makes good economic sense.  When you deposit

The Lifecycle of a Community Bank