April 19, 2016, 18th Year – Show #929, Filmed at Open Stage Media, Proctors, Schenectady
Guest: Kevin Buhrmaster, Vice President, 1st National Bank of Scotia
Community Banking Month — a time to celebrate the longstanding tradition of local hometown community banking.
Community banks are instrumental in building better communities, as they continue to lend to local residents, entrepreneurs and agricultural enterprises—all of which keep America’s rural, suburban and urban communities growing and thriving By driving local economies and creating local jobs, community banks are an integral part of our nation’s financial system. With nearly 5,000 members, representing more than 24,000 locations nationwide and employing 300,000 Americans, ICBA members hold $1.3 trillion in assets, $1.1 trillion in deposits, and $800 billion in loans to consumers, small businesses and the agricultural community.
There are almost 7,000 community banks, including commercial banks, thrifts, stock and mutual savings institutions, with more than 50,000 locations throughout the United States. Assets may range from less than $10 million to $ 10 billion or more. Community banks constitute 96.8 percent of all banks.
Throughout the month of April, the ICBA’s goal is to celebrate the unique role that community banks serve in our nation’s economic system, while helping to educate consumers and small business owners about the benefits of banking locally with their community bank.
Organization: 1st National Bank of Scotia
Event: Community Bank Month
Date/Time: Month long
Website: www.icba.biz and www.BankLocally.org