{"id":14367,"date":"2013-10-11T08:35:48","date_gmt":"2013-10-11T13:35:48","guid":{"rendered":"https:\/\/smallbizsurvival.com\/?p=14367"},"modified":"2022-08-11T08:37:07","modified_gmt":"2022-08-11T13:37:07","slug":"small-town-banks-know-lots-that-big-banks-dont","status":"publish","type":"post","link":"https:\/\/smallbizsurvival.com\/2013\/10\/small-town-banks-know-lots-that-big-banks-dont.html","title":{"rendered":"Small Town banks know lots that big banks don\u2019t"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-14368\" src=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2022\/08\/Bank-ad.jpg\" alt=\"\" width=\"500\" height=\"374\" srcset=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2022\/08\/Bank-ad.jpg 500w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2022\/08\/Bank-ad-300x224.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>The Small Town Rules secret is out: small town banks know a lot of things big banks don\u2019t. Bloomberg Businessweek author Brendan Greely picked up on it in a story, \u201cRural banks know something big banks don\u2019t.\u201d<\/p>\n<p>\u201cIt turns out small, rural banks make smarter loans,\u201d Greely said. It\u2019s the soft knowledge, the un-quantifiable personal factors, that make smarter loans. And community banks excel at knowing the people. It also helps that rural bankers face their borrowers and investors daily in the community.<\/p>\n<p>\u201cWe don\u2019t make bad loans,\u201d Louisana community banker Albert Christman says. \u201cThey\u2019re way too expensive to do.\u201d<\/p>\n<p>New regulations aimed at bad loans in big banks are hurting small community banks, raising their overhead in a time when margins are low. The result is many rural community banks looking to expand modestly by acquiring banks in neighboring towns, but existing bankers are in no mood to sell. They\u2019re just as invested in their local community.<\/p>\n<p>Original article:\u00a0Rural banks know something big banks don\u2019t<\/p>\n<p>Photo: 2008 ad from a Community Bank in Alva, Oklahoma. Photo by Becky McCray.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Small Town Rules secret is out: small town banks know a lot of things big banks don\u2019t. Bloomberg Businessweek author Brendan Greely picked up on it in a story, \u201cRural banks know something big banks don\u2019t.\u201d \u201cIt turns out small, rural banks make smarter loans,\u201d Greely said. It\u2019s the soft knowledge, the un-quantifiable personal [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":14368,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[704],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2022\/08\/Bank-ad.jpg","_links":{"self":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/14367"}],"collection":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/comments?post=14367"}],"version-history":[{"count":1,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/14367\/revisions"}],"predecessor-version":[{"id":14369,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/14367\/revisions\/14369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/media\/14368"}],"wp:attachment":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/media?parent=14367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/categories?post=14367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/tags?post=14367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}