Our bank not only bought the local donuts, it sponsored the local Little League team, had a table at the summer sidewalk sale, made the hand fans for the Fourth of July parade, gave money to the local hospital’s candy stripers, and surely did hundreds of other things invisible to me but nonetheless sewn into the tapestry of the lives of our community.
The high transaction costs were reflected in interest rates many times greater than those available for established businesses in urban areas. 6  The Global Findex Database 2017, 11, https://globalfindex.worldbank.org/. Federal Reserve Board, Consumers and Mobile Financial Services, 12, see table 4.