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Are you debating between banking with a local community bank in Oregon or Washington versus a larger national bank? There are many unique benefits to banking with a community bank. Banking with a Washington and Oregon community bank will ensure the products and customer service are centered around your needs. Your banking experience will be one that prioritizes relationships and investment in the local community. It means that your neighbors are the ones helping you on your financial journey and that you are helping support the economy within your community.
At Riverview Bank, we aim to foster relationships with our clients in Oregon and Washington based on care and exceptional service. Whereas national banks may be more well-known, community banks offer a more intimate banking experience and aim to be a consistent presence in your community.
Whether you are interested in banking at a community bank for your personal finances or for your business, there are a range of advantages that come with it. Read below to learn more about the benefits of banking with a community bank.
Personalized Customer Service
Your relationship with your bank should be one where you know you can trust the people helping you with your finances. At a community bank, you get this and more. Working with a community bank allows you to get to know the people handling your money and them to get to know you on a more personal level.
Relationships with clients are foundational to what community banks do, with the goal being to build long-term ties. Whereas larger national banks tend to be more focused on profits and credit scores, community banks value more than the numbers. To them, you are an individual. Banking at a community bank ensures that you will receive personalized customer service tailored to your needs or the needs of your business.
Local Economic Support
National banks serve an incredibly vast population across the globe, and their headquarters can be anywhere in the country. Community banks, on the other hand, help keep money within the communities they serve, contributing to the local economy.
For instance, by providing loans to small businesses in the community, community banks help to lift the local economy. Additionally, as a part of the community themselves, community banks are familiar with the local market and take that into consideration when deciding to grant a loan and support local businesses. With in-depth knowledge of market conditions, community banks can adjust their services according to local economic trends.
Further, because supporting the local economy is a key differentiator between community and national banks, networking is incredibly important. Having a community bank as a connection can be a great advantage for you or your business. Offering services like small business loans and tenant improvement financing, there are many ways for a community bank to support the local economy and help you follow your dream.
Competitive Financial Products
Community banks also offer a wide variety of competitive financial products. At Riverview Bank, for example, we offer a range of services tailored to our client base, including checking and savings accounts, digital banking, business loans, money market accounts and CDs, and mortgage and home equity loans, to name a few things.
Community banks make a point of catering their financial products to best meet their clients’ needs. From personal and business loans to wealth management options, you can have all of your financial needs taken care of in one place. Community banks do not follow a one-size-fits-all model. This gives them the ability to better meet their clients where they’re at.
In today’s market, it’s important to embrace change to stay competitive. Community banks can adapt to meet their individual client’s needs in a way other financial institutions cannot.
A Dependable Banking Experience
Community banks aim to be a fixture in their communities, providing services to their clients through all life stages. By following a relationship-based model of banking, they enact their values in everything they do. By taking care of their employees, keeping products and services up to date, and working alongside their clients, Washington and Oregon community banks, like Riverview, are there to be of service. They are dependable like a trusted neighbor. When banking with a community bank, you can trust that they have your best interests in mind because their success is reliant on yours.
A More Community-Focused Banking Experience
Our employees live in the same community as you. This is why we believe in investing in the communities where we do business. For this reason, we support many areas of giving, from arts and entertainment to senior and veteran services. From supporting area nonprofits to having team members serve on nonprofit boards, we want to give back to the communities we work with. By submitting a community giving request, you too can have a say in what organizations we support.
Riverview Bank started as a dream to open a local bank and has now been a fixture in Pacific Northwest communities for over a century. With 17 branches serving local communities in Oregon and Washington, we pride ourselves on being there for our fellow community members. We offer the benefits of being insured by the FDIC while getting to know you and your unique needs.
If you want a banking experience that includes personalized customer services, helps support the local economy, offers competitive financial products, and is dependable and community-focused, you should consider banking with a community bank. As a Washington and Oregon community Bank, Riverview is here for all your personal or business financial needs. Contact us today to learn more.