In honor of Community Banking Month in April, FNB Bank and the Independent Community Bankers of America (ICBA) are highlighting community bank efforts to power local communities and fuel economic prosperity for Americans nationwide.
“Our mission at FNB is to help our customers improve their financial strength and stability, which in turn supports and strengthens the small businesses in the communities that we serve,” stated Sally Hopkins, FNB President and CEO. “We actively support the organizations in our communities with our resources of time and contributions. We invite you to visit us at FNB to experience our hospitality and find the product or service we offer to meet your financial needs.”
Collectively, community banks give more than 60% of all small-business loans and more than 80% of agriculture loans nationwide and contribute tax dollars that help maintain local municipalities. Community banks:
- Are favored by small businesses, earning a 81% net satisfaction score compared to 68% for large banks, 62% for finance companies and 48% for online lenders.
- Are committed lenders with loan growth that has outpaced noncommunity banks for a decade.
- Offer high-touch, high-tech service. This gives consumers access to modern-day conveniences and technical capabilities while maintaining the personal service for which community banks are known.
- Have a track record in helping underserved Americans by providing greater flexibility to low-income and minority borrowers. Community banks serve 93% of majority-minority communities and 96% of low-income designated counties.
- Give back to their communities. Civic service is a way of life for community bankers as reflected in ICBA’s National Community Bank Service Awards.
“Embracing the mantle of financial stewards, community banks cater to their customers’ distinct financing needs as a cornerstone of their business philosophy for cultivating satisfied, life-long relationships,” ICBA President and CEO Rebeca Romero Rainey said. “ICBA takes pride in representing these community-centric servants, championing their dedication to empowering local communities—one loan, one customer at a time.” For more facts about community banks, click here.
About FNB Bank
FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky with assets exceeding $660 million. FNB ranks among the highest in the nation in the area of safety and soundness and has earned three consecutive ‘Outstanding’ ratings for the Community Reinvestment Act (CRA) by the FDIC. FNB is a 2021-2024 ‘Best Places to Work in Kentucky’ Small Business Category Award Winner. The bank currently has ten locations located in Graves, McCracken, Calloway, Trigg, and Marshall County. FNB is Member FDIC and an Equal Housing Lender.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.
