New legislation may mean good things for small town banks.
It’s Tough Times, But Your Local Bank Might Have an Advantage
"With all of the new rules that have been placed on large holding companies in the last few months, the traditional advantage experienced by larger banks has been shrinking. Of course, your local mom-and-pop banking institution isn’t going to directly compete with a global lender like JP Morgan Chase or Bank of America, but there are distinct differences that allow these smaller lenders to offer some products at rates that larger banks wouldn’t dare to in this current financial climate..."
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