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It’s Time To Say “Goodbye” To Very Small Banks

Sunday, May 5, 2013 - 9:28 AM
From Yahoo! Finance
Like it or not, really small US banks are a thing of the past. New regulations, advantages to diversity and economy of scale, and increasingly high overhead costs are slowly eliminating the smallest banks in the United States.

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3
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029
1. Sunday, May 5, 2013 - 4:01 PM
That's not fair!  The small community banks have been where I have gotten my best rates in these past years.  They seemed to still want deposits!  They are going to cut us down no matter what.
1
paoli2paoli21,367 posts since
Aug 10, 2011
Rep Points: 5,992
2. Sunday, May 5, 2013 - 4:26 PM
Many great credit unions are small (say $200M - $300M), they are doing well financially.  There are advantages of being small and agile.
2
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
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