Written by Jenn Day | May 8, 2024 9:08:32 PM
Read the Forbes article here.
Here is a brief summary:
- The “Main Street” banking model is being squeezed due to various factors.
- These factors include changes in the definition of community, generational changes, product pricing, the economics of talent, and government regulations.
- These factors have been years in the making and are only exacerbated by current economic conditions.
- Small businesses may help save community banking in the long run.