Ask The Banker: What is a community bank?

KEZI 9 News talked to Ron Green and John Raleigh with Oregon Pacific Bank to learn more.

Posted: Apr 22, 2019 5:18 PM

EUGENE, Ore. -- Community banking is a buzzword in the industry these days.

KEZI 9 News talked to Ron Green and John Raleigh with Oregon Pacific Bank to learn more.

Raleigh said the term community bank is used by a lot of different banks and in banking circles. A community bank is an organization that invests in their local community.

A community bank has people who live and work in the community and are invested in it and are making decisions on behalf of the businesses and individuals. Raleigh said they accept deposits from individuals and businesses and lend those back into the communities via home mortgages, consumer loans and small businesses.

The idea is that the bank and community work together to make it a more vibrant and ongoing community in the long run.

If you have a banking or finance question for Green, click here.

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