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Reasons to Switch to a Community Bank

Published November 2, 2023

By Braxton Johnson | Market President | Parker Branch

In today’s fast-paced and impersonal world, banking has become more digitized and less personal. However, there is a growing movement towards community banks, like Redstone Bank, that prioritize personalized service, local relationships, and community development.

If you’re tired of feeling like just another number at a big bank, it might be time to consider switching to a community bank. Here are reasons why switching to a community bank could be the right move for you.

Personalized Service and Relationship Building

One of the biggest advantages of community banks is our commitment to providing personalized service. Unlike large banks, we prioritize building relationships with our customers. You’ll be greeted by familiar faces who know you by name and understand your unique financial needs. Whether you’re applying for a loan, seeking investment advice, or simply have a question about your account, we are known for our friendly and approachable staff, who take the time to listen and provide tailored solutions. Building relationships with our clients runs deep in our roots at Redstone Bank. It’s what our traditions and foundation are built on, and that will never change.

Local Decision-Making and Community Support

Community banks are deeply rooted in the areas they serve. We understand the local economy, businesses, and challenges, which translates into more informed decision-making. Instead of sending loan applications to a central office for approval, we make lending decisions locally. This means faster approvals and a higher chance of getting the financial support you need. Additionally, we actively invest in our communities by supporting local initiatives, charities, and businesses, helping to foster growth and development in your neighborhood.

Lower Fees and Competitive Rates

While big banks often burden customers with numerous fees and charges, community banks generally offer more competitive rates and lower fees. Since we are not driven by profit maximization, we can pass on cost savings to their customers. Whether it’s reduced ATM fees, lower account maintenance charges, or favorable loan terms, we aim to provide affordable financial services that benefit our customers directly.

Flexibility and Customization

Unlike large banks that follow strict policies and standardized procedures, community banks are known for their flexibility and willingness to work with customers on an individual basis. If you’ve ever faced a situation where you needed a unique financial solution but were met with inflexibility from a big bank, a community bank might be the answer. We understand that every customer’s financial situation is unique, and we are more likely to tailor our products and services to meet your specific needs. Whether you’re a small business owner, a first-time homebuyer, or someone with less-than-perfect credit, we are often more willing to find creative solutions that fit your circumstances.

Security and Stability

While the size and scale of big banks may provide a sense of security, community banks are equally safe and stable. We are subject to the same regulatory oversight as larger institutions and are FDIC-insured, meaning your deposits are protected up to the maximum allowed by law. Community banks, like Redstone Bank, have proven to be resilient even during challenging economic times, demonstrating their commitment to their customers’ financial well-being and the local community’s stability.

Switching to a community bank can be a transformative decision for your financial well-being. By embracing personalized service, community involvement, competitive rates, flexibility, and stability, community banks offer a refreshing alternative to the impersonal nature of big banks. Take the time to explore what Redstone Bank has to offer in your area, and you might discover a partner that genuinely cares about your financial success and the growth of your community.

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