The Benefits of Banking Local

It’s a common misconception that smaller banks and community banks can’t meet your needs. But, you’ll often find that most local banks offer essential services like checking and savings accounts that are very comparable to those of larger banks. Let’s explore the main reasons people tend to choose local banks over large banks.

Grow the Local Economy

When you bank locally, you can be certain that your money goes directly to the growth of your local economy. According to BankBound, Community banks, on average, devote more than 50% of their lending to small businesses (compared to just 18% at the 20 largest banks). Small businesses will borrow from the local banks, create jobs in the local economy, and, in turn, help fund the community as a whole. By banking local, you will be able to see the impact that your money has on the community around you.

Personal Service

To a local bank, you are not just an account number. You are a person with a story and goals, and your bankers are just like you. Local bankers will get to know you and will be able to help you find the right services that fit your unique banking needs. You will know what to expect from your bankers and feel comfortable asking questions when you need to. This kind of service is not usually possible with larger banks.

Same Services at Lower Costs

Local and community banks are often a good bet for free checking accounts. Some offer free checking to all, while others will waive fees if you enroll in paperless statements or online banking. Local and community banks will also offer attractive interest rates on savings accounts and loans, oftentimes beating out the larger banks. This is something to think about if you are planning on borrowing a large sum of money.

Community Involvement

Since local and community banks are dedicated to the community, they often support special causes in the community. Monetary donations, volunteering, and local event sponsorships are just a few ways Points West Community Bank shows support for the community surrounding it.


If you’re ready to join your community in banking locally, Points West Community Bank is here for you. We have several locations spread across northern Colorado to make it convenient for you. Our local bankers are happy to help you find the right checking accounts, savings accounts, and loans to fit your unique needs. Contact us today to get started!

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