In an op-ed on CNBC.com the president and CEO of the Florida Bankers Association writes about the importance of community banks; while their numbers have been reducing along with their share of total assets, community banks are still responsible for 46% of small business loans; this metric alone demonstrates how important these small banks are to their community; there are 17 new bank applications in the US right now and investing in these new banks has historically provided an excellent return on investment. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.