Community Banks Will Survive, But In A Different Form

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Some question the future of community banks, but their local role remains important

Community banks in the Pacific Northwest have spent the past two years working through daunting challenges, from extraordinary regulatory pressures and sweeping new legislation, to the worst economy in decades.

Since January 2009, banking regulators have closed 20 banks in Washington and Oregon, all of which were community banks. In the face of adversity, some have questioned whether community banks will survive.

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Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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