The Benefits of Community Banking

Shop local: it’s more than just a buzz phrase. Money that stays in the community grows the community, and banking is one of the most important ways you can help others—and yourself! Here are just a few of the benefits of community banking.

Personalized Attention

While you are, literally, just a number to a large national chain, you’re a welcome name and a face when you walk through the doors of your local bank. Think about an independently owned diner or coffee shop in town: you get to know the owners and staff over the years, and they, in turn, get to know you—your preferences, quirks, and even your family. Likewise, when you do business with a local bank that understands the community and keeps its customer service in house, you can come to expect familiar, friendly service fine-tuned to your needs. Your local bank has a local reputation to uphold, and it will commit itself to excellence. 

Local Investment

Why give your money to a megabank, which will turn around and invest your funds into national and international industries—or gamble it away on Wall Street—rather than grow and nurture it in your own backyard? Your local bank invests directly into your neighborhood. As a small business itself, it understands how to tailor its products and services to best meet the challenges local business owners face. 

Local investment is about more than money, too. Your community bank keeps its finger on the pulse of the local economy, knowing how to connect providers, suppliers, and clients. It’s the ultimate networker. Local banks also invest in the community by supporting organizations and events that strengthen neighborhood values and pride. First National Bank of Sycamore, for example, has had the privilege of sponsoring scholarships and numerous events that support area schools, as well as, contributing to several charitable organizations.

Lower Fees

While megabanks seem to always notch up their maintenance, overdraft, and ATM fees, local banks help the community they serve by keeping fees low—when there are fees at all. First National Bank of Sycamore offers several accounts with low fee or no fee benefits such as, checking, savings, and bill pay, along with affordable interest rates for mortgages, home equity, and more. We are here to help you on your financial journey.

Learn More about First National Bank of Sycamore’s commitment to our community and the benefits to banking local.