Consumers Move Their Deposits Back To Community Banks
The report focuses on identifying the new opportunities in the community banking sector as well as the growth strategies of the key community banks.
- (1888PressRelease) August 05, 2010 - Rockville, MD - MarketResearch.com has announced the addition of MarketsandMarkets's new report "Strategies and Best Practices of US Community Banks" to their collection of Banking & Financial Services market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2735432 .
The U.S. currently has more than 6,000 community banks with over 50,000 branch locations across the nation. 'Strategies and Best Practices of U.S. Community Banks' focuses on identifying the new opportunities in the community banking sector as well as the growth strategies of the key community banks.
Community banks have seen their share of deposits dwindle from 33% in 1992 to 12.4% in 2009. The economic recession proved to be a boon for the community banks, as consumers lost faith in large financial institutions, and with the failure of the 'too big to fail' theory, are moving their deposits back to community banks. It is the right time for community banks to capitalize on this shift and put the right programs in place to accelerate their success.
In the current phase of economic recovery, community banks are seeking alternatives that are cost effective and faster to implement. Internet banking, mobile banking, and remote deposit capture services play an important role in enabling community banks to better serve their customers and reach their target segment 24/7. The loss of trust and confidence in big banks, and the changed perception of U.S. consumers are the major factors driving the growth of the U.S. community banks.
The report includes:
- Key trends and drivers, and strategy formulation to help users maintain or enhance their market position.
- An overview of the already existing business models; and an optimization of these models in order to help FIs enter new and lucrative markets.
- Profiles of the top vendors and analysis of user perspectives to help you make the best decision for your financial institution.
For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2735432
Contact:
Veronica Franco
MarketResearch.com
vfranco ( @ ) marketresearch dot com
240.747.3016
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