Five reasons to consider local banks for checking, savings, investments, and more
Like your favorite local boutique or restaurant, local banks offer trusted, reliable service, along with the ability to develop relationships with the people who serve you day in and day out. Here are five great reasons to bank local:
1) Personal, Five-Star Service
There is nothing like walking into a bank and having the employees welcome you by your first name, asking how they can help you in a way that makes you feel that they care. With a local bank, you are not just a number. Rather, you bank with people you know, and they know you as well.
For example, at FNBMD, our employees put the needs of their neighbors, local businesses, and others in the community first, and we consistently earn five-star reviews for our friendly service. But that doesn’t stop us from offering the same modern conveniences that larger banks do, such as online banking, a mobile app, and convenient no-fee ATMs. You truly get the best of both worlds.
2) Flexible Banking Solutions
Local banks take the time to understand their customers’ needs and create customized solutions to meet them. Larger banks, on the other hand, have more standardized rules, processes, and corporate procedures they must follow. If a customer does not fit a certain profile for loans, mortgages, or lines of credit, there is nothing those banks will do.
At FNBMD, we don’t use rigid customer profiles. We’re flexible enough to create individualized service solutions to meet the unique needs of each of our customers. Our goal is to help our customers through all stages of life as their banking needs change, with basic checking/savings accounts, mortgages and construction loans, business accounts/loans/lines of credit, and trust and investment services, to name a few.
3) Direct Access To Decision Makers
The board of directors and management team at local banks live and work in the same community as their customers. These decision-makers know their customers—they see them at the grocery store, their children’s soccer games, and at the corner coffee shop. The fact that customers can meet with decision-makers directly is a big reason why so many community residents and businesses bank at FNBMD. They feel that individual bank decisions have been made with their unique circumstances in mind.
4) Local Banks Invest in Their Communities
Local banks invest in the community and local charitable causes each year. These bankers care about the community as much as their customers do, with the same desire to see it grow and thrive. From building local homes through Habitat for Humanity, to sponsoring local high school sports, to participating in special events and charity fundraisers, you’ll see FNBMD all around the Mount Dora, Eustis, Tavares, and Sorrento communities, investing in important opportunities and supporting worthy causes.
5) Tailored Investment Advice
For local banks like FNBMD with trust and investment services, more personalized service means more tailored investment advice. We recognize that not everyone has the same investment strategies or the same need to protect assets through trusts. We also know that the strategies they do have are fluid, changing throughout their lives to meet different goals and cater to different priorities. By knowing our customers on a more personal level, we can help them set and meet financial goals, protect their savings, and journey through investment challenges with intentionality, wisdom, and experience.
Simply put, the stability and reliability that local banks have mean better financial results for you. There’s also more accountability, particularly at FNBMD. We say what we’re going to do, and then we do it. We build lifelong relationships with our customers so we can help them over the long term, because we understand that strong, loyal relationships continue to be what is most important—in banking and in life.