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Community Banks Power Small Businesses 

May 28th, 2024
Community Banks Power Small Businesses 

In light of National Small Business Week, which runs from April 28 to May 4, 2024, the Salina Post recognizes the contributions of ICBA member First Bank Kansas in a recent article. (Linked here).

Community banks serve as the primary lenders for small businesses, providing over 60 percent of all small business loans under $1 million. This support is essential for entrepreneurs looking to start or grow their businesses. Community banks not only offer financial assistance but also act as trusted advisors, providing guidance and commercial services that enable businesses to thrive.

The article by the Salina Post quotes ICBA President and CEO Rebeca Romero Rainey directly; “By channeling their loans to the neighborhoods where their depositors live and work, they not only ensure these businesses have access to vital capital, but they also contribute to the growth and prosperity of the community overall.” 

The Independent Community Bankers of America (ICBA) is the trusted advisor for community banks and serves as a unified voice of advocacy, ensuring that the needs of main street businesses are prioritized and addressed. The ICBA recognizes Avannis as a preferred service provider, and Avannis is proud to help community banks stay competitive in an ever evolving market.