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The Lifecycle of a Community Bank

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The Lifecycle of a Community Bank

Posted On: July 20, 2021 by First Community Bank and Trust in: Community Banking, Community Banking Advocacy, General

The idea of “sustainability” is linked to a lot of our local activities these days—whether it’s reusing or recycling products, sampling culinary delights from the local bakery, or choosing to buy American-made products to support our national economy. There are plenty of reasons why eating, dining and banking locally makes good economic sense.  If you’ve ever participated in a career day at a local elementary school, you’ll probably relate to this story. A banking colleague visited her son’s kindergarten class, and while she was explaining the role of a community banker, one eager child piped up and said, “It’s like the lifecycle of a plant!”   He was right. Community banks like First Community Bank and Trust take in deposits and distribute loans that feed into a self-sustaining micro-economy and keep funds right here in Beecher and in Peotone. It’s all part of a symbiotic relationship that community

The Lifecycle of a Community Bank