Small Banks, Big Benefits – Episode 16 of the Building Local Power Podcast

Date: 13 Apr 2017 | posted in: Banking, Building Local Power | 0 Facebooktwittergoogle_plusredditpinterestmail

In this episode of the Building Local Power podcast, our guest is Justin Dahlheimer, president of a community bank in west-central Minnesota. Justin and our hosts discuss the benefits of community banking, and how banks lend differently when they have a vested stake in their community.
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How One State Escaped Wall Street’s Rule and Created a Banking System That’s 83% Locally Owned

Date: 1 Sep 2015 | posted in: Banking | 0 Facebooktwittergoogle_plusredditpinterestmail

North Dakota has a different kind of banking sector than the rest of the country does, with six times as many locally owned financial institutions per person as the rest of the U.S., and local institutions controlling 83 percent of the market. What is North Dakota doing differently? A lot of the answer is the Bank of North Dakota.
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Why Glass-Steagall Should Be a Key Issue During the 2016 Campaign

Date: 17 Jul 2015 | posted in: Banking | 0 Facebooktwittergoogle_plusredditpinterestmail

In a 2016 campaign season already dominated by candidates’ pursuit of Wall Street donations, how to regulate the banking sector remains one of the most pressing issues facing the country. The Glass-Steagall Act is becoming, and should remain, a key part of the debate.… Read More

One in Four Local Banks Has Vanished since 2008. Here’s What’s Causing the Decline and Why We Should Treat It as a National Crisis.

Date: 5 May 2015 | posted in: Banking, Retail | 0 Facebooktwittergoogle_plusredditpinterestmail

The precipitous decline in the number of community banks in recent years is a national crisis, and there’s a fierce debate underway right now about what’s to blame.… Read More

Number of New Banks Created by Year, 1993 to 2013

Date: 22 Apr 2015 | posted in: Banking | 0 Facebooktwittergoogle_plusredditpinterestmail

The number of community banks has declined sharply in the last few years. Part of the decline is owed to the fact that virtually no new banks have been created since 2009. Between 2004 and 2008, an average of about 300 commercial banks disappeared each year, mostly as a result of mergers. But these losses were offset by the creation of 146 new banks each year on average. From 2009 to 2013, we continued to lose about the same number of banks annually, but gained only 6 new banks on average each year. … Read More

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