Role of regional and community banks in our economy It’s useful for a moment to consider the importance of community and regional banking in this country. Although a small number of the largest banks in the country control the majority of the nation’s deposits and banking assets, regional and community banks remain vital to our economy.
Time and time again, we have seen the larger banking organizations concentrating resources in a given market segment, reducing their efforts in others, even sometimes pulling out of communities that don’t easily fit into their plans. As a result, in many parts of the country, regional and community banks are the dominant financial institutions actively serving the local trade area.