Federated Bank

Providing Our Communities with Exceptional Banking

We’re Celebrating Community Banking Month!

In recognition of Community Banking Month in April, Federated Bank is reminding consumers about why banking locally with a community bank matters.

It starts with valuing relationships. At Federated Bank we value the relationships we have with our customers and are always striving to provide the very best customer service and product offerings to meet their financial goals and needs. We’re proud to be a member of the communities we serve because we, along with our customers, call it home. It’s the basis of our banking philosophy and a point of distinction that is reflected in everything we do.

You may not be aware that community banks, like Federated Bank, take in local deposits and redistribute them back into the community – consistently making more than 60% of small-business loans and more than 80% of agriculture loans. Community banks also contribute tax dollars that help maintain local municipalities and keep local neighborhoods viable and strong because serving the best interests of their customers is fundamental to their business philosophy. Community banks:

  • Are highly favored by small businesses, earning a 76% satisfaction score compared to 62% for large banks, 46% for finance companies and 39% for online lenders, according to a Federal Reserve study.
  • Are committed lenders with loan growth that has outpaced non-community banks for nine years.
  • Demonstrate safety and soundness with higher capital ratios and better loan quality than the largest institutions.
  • Offer high-tech, high-touch service, offering consumers modern-day conveniences and technical capabilities while maintaining the personal service standards that distinguish community banks as relationship lenders.
  • Have a strong track record in helping underserved Americans by focusing a relatively large share of their resources in low- and moderate-income tracts.

At Federated Bank we pride ourselves on offering great hometown service at any of our five locations. That’s how we’ve done business since our founding in 1918. We are locally owned and live in the communities we serve. If you haven’t tried banking with a community bank, we’d love to show you how enjoyable it can be!