The Independent Community Bankers of America® (ICBA) today highlighted new findings that commercial banks continue meeting the credit needs of agricultural borrowers and that community banks are doing the lion's share of the banking sector's ag lending. Nevertheless, the recent
"This new report shows that while agricultural banks continue improving along with the broader economy in the wake of the
The report found that community banks with
The report also indicates challenges to bank profits, which are occurring at the same time that credit unions and FCS lenders are using their taxpayer-funded subsidies and funding advantages to cherry pick community banks' strongest and most profitable customers. In addition, these tax-advantaged institutions are seeking new powers in an effort to siphon non-farm loans away from banks' portfolios. This activity increases risks to the community banking industry, leading to fewer lenders and less credit availability for rural America.
As a result, ICBA continues urging
The Independent Community Bankers of America®, the nation's voice for more than 6,500 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit http://www.icba.org.
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Read the full story at http://www.prweb.com/releases/2014/07/prweb11993250.htm
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