Community Banking Award Winner!

NerdWallet announced the winner of its 2014 Community Banking Local Project Award winner at the end of April. The contest was created to celebrate outstanding examples of public or private financing by community banks that have enriched or revitalized their surrounding communities, according to NerdWallet’s site.

Three community banks were chosen as top finalists, including Citizens Bank of Edmond, Farmers and Merchants Bank of Ashland and The Provident Bank. The Provident Bank took home the top prize for its work with the “Storm Damage Assistance Loan Program,” which provided loans to residents who were impacted by Super Storm Sandy in 2012.

To view the entire press release announcing the winners, visit NerdWallet’s website, to view more information about the award and the three finalists, visit NerdWallet’s award page.

Congrats to all three of these outstanding community banks for having positive impacts on each of their local communities! 

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What to know before applying for a small business loan

ICBA’s Terry Jorde, senior executive vice president and chief of staff, was recently featured in Black Enterprise discussing what small business owners should know before applying for a small business loan. Terry gives great advice and suggestions such as having a good goal and business plan in mind prior to seeking the loan.

Are YOU a small business owner? What suggestions/advice would you give to other entrepreneurs getting into the game? 

What’s the difference between a big bank and a community bank?

This past Thursday, ICBA’s own Terry Jorde joined Jim Blasingame on his radio program – The Small Business Advocate – to talk about what an independent community bank is, how it fits in the marketplace and why they’re important to small business. Listen here.

Let us know how your local community banks help play a role in small businesses in your community. Comment on this post or email Jessica Etter at jessica.etter@icba.org to share your story today.