The Independent Bankers Association of New York State represents the interest of independent community banks located throughout New York State. Community banks share a commitment to meeting the financial needs of their respective local communities.
A community bank is a financial institution with a strategic business plan to 'recycle' deposits into loans within the same communities where the deposits were gathered. This philosophy encourages a vibrant, growing local economy and insures that the growth of a community is not restricted to a predetermined allotment of loans. When entrepreneurs and families look for financial help they turn to the institution they know and trust - a local community bank. A community bank is involved in its community through economic development, civic organizations and philanthropic activities.
Independent and community are used interchangeably to describe financial institutions which are community-based and not owned by a large multi-state bank holding company. With locally-based ownership and a commitment to their communities, our member banks are closer to the economic pulse of New York's cities, towns and villages. Independent bankers are integral to the future of their communities as providers of financial services and active participants in civic affairs. Community banks whose policies are set locally are inextricably tied to their communities for success.
- Community banks keep the community growing and vibrant by reinvesting back into the neighborhoods where their depositors live, work and play.
- Community banks understand the needs of local families and small businesses.
- Community banks are personal – with exceptional customer service, and tellers that know you by name.
- Community banks care – involvement in community affairs and outreach that benefit local families and businesses.
- Community banks are accessible – with more opportunities to interact one-on-one with bank officers.