🏦 One Bank, Endless Impact: The Ripple Effect of Community Banks! 🌟🤝 🌊THE RIPPLE EFFECT: The work community banks do create a ripple of economic and social benefits that extend far and wide. 🌍 One loan, one family, one business—community banks create waves of opportunity. BHB recognizes and celebrates their incredible impact! #BankersHelpingBankers #BHB #CommunityBanking #TruthInBanking #RippleEffect #BankLocal #ItsAWonderfulLife
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Cooperative banks, such as Zoroastrian Bank, often provide more socially responsible services to society compared to commercial banks due to their member-centric approach, focus on financial inclusion, and commitment to community development. Unlike commercial banks, which prioritize profit for shareholders, cooperative banks are owned and operated by their members, aligning their services with community needs rather than profit maximization. Zoroastrian Bank, for example, emphasizes providing affordable credit to small businesses, individuals, and marginalized sections that might be underserved by commercial banks. Its customer-oriented services, lower interest rates, and ethical banking practices foster trust and loyalty within the community. By prioritizing community welfare, extending banking services to underserved areas, and offering personalized financial solutions, Zoroastrian Bank plays a significant role in promoting economic development and financial inclusion, making it a vital player in society compared to profit-driven commercial banks. Zorastrian Realtors Taxila Business School
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🚀 You start your business, open a checking account and get a credit card 💳, and soon find yourself with a huge credit card debt and high interest rates 😩. You go back to the bank for a loan and they say no ❌. It's frustrating, right? We've been there: depositing your money, bank earning interest, and when you need help, they leave you hanging. Why? 🤔 The reality is, banks don't always want to take certain risks, but there is a solution: Community Development Financial Institutions (CDFIs) 🌟. CDFIs are here to support small businesses when big banks won't. Don't let this hold you back! 💬 Comment "ME" if you want to know more and follow us to learn how we can help you grow 🚀 #SmallBusinessSupport #SmartFinances #CDFI #Entrepreneurs
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What Makes Community Banks Different? 🌟 Local Focus: Loans go back into the community, helping local businesses thrive. 🤝 Relationships Matter: Lending decisions consider your story, not just numbers. 💡 Innovative and Personal: High-tech tools with a personal touch. 🏦 Small Business Champions: Preferred by 80% of independent businesses. ⏱ Quick Decisions: Local decision-making means faster approvals. 💬 Community Commitment: Actively engaged in building stronger neighborhoods. Discover how community banks in your area are making a difference! Visit ICBC’s website to learn more about our member banks and the incredible impact they have on your community: icbcolo.org #ICBC #CommunityBanks #SupportLocal #SmallBusiness
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One of the motivators for specialising in the nonbank specialist lending space, is giving struggling families a second chance. An economic system can only function when the players and stakeholders are afforded opportunity to participate. How do you optimise this participation? By facilitating laws, regulations, products and services that offer redemption and rehabilitation. As far as product and services go, non-bank specialist lending is second to none in respect to this optimisation. #fyp #finance #lending #nonbank
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There are plenty of reasons why banking locally makes good economic sense. When you deposit money at HOMEBANK, those funds are used to support local businesses, home buyers, and everyday consumers right here in our local communities. And, the proceeds from those businesses employ local residents, fund municipalities, and continue the cycle of locally based economic growth. As we celebrate Community Banking Month in April, we want to thank our existing customers for their patronage and urge future customers to consider how banking locally impacts our local economy today, tomorrow and for generations to come. Community banks are only successful if our customers and communities are, too. That’s why the community bank and its relationship business model have thrived for more than 150 years. We know what it takes to create successful local economies—join us in helping to build a more sustainable, vibrant economy here at home! HOMEBANK, MEMBER FDIC
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💡BHG Financial Revolutionizes Loan Programs for Community Banks!💼 BHG Financial has developed a successful loan program that packages and sells loan assets to community banks, empowering local financial institutions and fueling growth. 📊🏦 Click the link for the full video👇🏻👇🏻👇🏻 https://lnkd.in/er23V5Fz #BHGfinancial #NYSEinterview #finance #financialfreedom #Businessloans #personalloans #businessupdate #businessnews #business #news #newtothestreet
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💡BHG Financial Revolutionizes Loan Programs for Community Banks!💼 BHG Financial has developed a successful loan program that packages and sells loan assets to community banks, empowering local financial institutions and fueling growth. 📊🏦 Click the link for the full video👇🏻👇🏻👇🏻 https://lnkd.in/e7V6emWJ #BHGfinancial #NYSEinterview #finance #financialfreedom #Businessloans #personalloans #businessupdate #businessnews #business #news #newtothestreet
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Better and cheaper than expensive loans or illegal money lenders, what are community lenders? When the unexpected happens and we need a little bit to tide us over, community lenders put your wellbeing first. Getting a loan isn’t always easy – especially if it’s only for a small amount, or if our credit score isn’t great – but community lenders, also known as Community Development Finance Institutions or CDFIs, help around 100,000 people every year to borrow an average of £500. As responsible lenders, CDFIs are all about helping people and treating them fairly. Watch our film to find out more – and visit www.findingfinance.org.uk for a list of CDFIs. https://lnkd.in/eBQZrqM9 #CDFIs #ResponsibleFinance
Better and cheaper than expensive loans or illegal money lenders, what are community lenders?
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THE VITAL ROLE OF COMMUNITY BANKS AS ANCHORS OF LOCAL PROSPERITY From supporting local organizations to providing critical PPP loans during COVID, community banks like Haven Savings Bank are integral to the fabric of American life. Community banks stand as pillars of local economies, embodying a spirit of closeness and trust that larger institutions often struggle to replicate. These banks play a crucial role in fostering economic growth, supporting small businesses, and nurturing personal connections within communities. In times of crisis, such as natural disasters or economic downturns, community banks often serve as lifelines for affected communities. During the COVID Crisis, according to Small Business Administration data, community banks made more than 65 percent of PPP loans and served nearly 60 percent of PPP recipients, which saved an estimated 33.7 million jobs. Haven Savings Bank was proud to do their part as well, providing 600 PPP Loans totaling $33 million over two years.
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Large national banks tend to come and go quickly in communities like ours. While they play the short game of raking up deposits as fast as they can, we choose to play the long game marked by integrity, loyalty, and grit. Did you know #WayneBank has been invested in the local area since 1882? Why so long you ask? It’s because this is our hometown! It’s where our team lives, works, and plays. It’s where we raise our kids, care for our families, grow our careers, and engage in the economy. That’s why we’re so committed to #buildingbusiness and #craftingcommunity - it’s all part of taking care of our #hometown so that generations to come can benefit from our investment. We believe that if everyone banked locally communities would see more thriving local businesses, more vibrant culture, and a steady incline in quality of living. #Localbanking is making a comeback. We're here to stay. 🤝 #Banklocal #LoveWhereYouLive #Culture #Community #Growth
Wayne Bank | Here to stay
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