Ep 1 – The Impact of Local Community Banking
You might not realize it, but banks are connected to your local community in more ways than you’d expect. People rely on banks to help them with big milestones: buying their first car, financing a home, and opening a business, to name a few.
When it’s time to get the ball rolling, the financial institution they choose matters not just for them, but for their neighbors, too. Organizations like credit unions and online national banks often seem like a good choice at first, but there’s one option that always puts the local community first: community banks.
But how are community banks different than other financial institutions? What services do they provide? And how do they give back to the local community? Well, we’re glad you asked!
On this week’s first-ever episode of the Keeping it Local Podcast, host Richie Burke sits down with Rose Oswald Poels, President and CEO of the Wisconsin Bankers Association, and Edward H. Schaefer, President and CEO of First Federal Bank of Wisconsin, to answer all those questions and more.
They’ll dive deep into the importance of local banking, talk about how community banks give back, and help you understand the importance of the ‘decision-maker’ when you’re applying for a loan. So sit back, relax, and get ready to learn a thing or two!
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