But we should also be concerned about how a continued decline in the number of community banks, in part due to the lack of de novo formations, will affect the banking and financial services system more broadly.
When banking services are limited, it is much more difficult for people to fully participate in the economy, or to manage their finances when times  are tough. A shrinking community bank sector may lead to a weaker banking system and weaker economy. It is crucial to provide a balanced, transparent, and effective regulatory framework that promotes a vibrant community bank sector.