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Reasons to have a local bank
Community banks consistently outperform big banks in customer satisfaction, scoring 83 out of 100 compared to 79 for national banks in 2025. Local banks often offer better deposit rates and lower fees ...
A commercial bank is a for-profit financial institution. It is legally allowed to accept deposits and provide loans. Commercial banks serve consumers and small- to medium-size businesses. Some also ...
Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Khadija Khartit is a strategy, investment, and ...
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