The Problem for Small-Town Banks: People Want High-Tech Services

www.wsj.com

The consolidation of banking has led to the shuttering of thousands of community banks. Further, consumers have moved to larger lenders offering online transactions, which means they don’t necessarily need a local branch. The transfer of deposits - and technology - away form community lenders have left behind struggle (and in my opinion, a huge opportunity for a startup or startups to enter.

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