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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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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
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.
paoli2paoli21,401 posts since
Aug 10, 2011
Rep Points: 6,135
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.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427