Community banks are being crushed by a vise of higher costs and lower revenues, and their every move is watched by examiners determined not to get blamed for the next crisis.
They are being told to beef up capital and compliance and forsake overdraft and interchange fee income. The lousy economy pounds salt into these wounds. Banks are shrinking just to stay alive — or they are giving up and selling out.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access