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What is a Community Bank?


What is a Community Bank?

When presented with the term “Community Bank” many people find themselves wondering what differentiates them from any other bank. Community banks are locally owned banks that pour resources into the communities they serve, helping small businesses thrive, and creating local jobs. Community Banks:

• Comprise 99% of all banks
• Provide more than 60% of all small business loans
• Make more than 80% of agricultural loans
• Have more than 50,000 locations nationwide
• Employ nearly 750,000 people

(Statistics cited by

Unlike larger banks that may take deposits in one state and lend in other states, community banks direct their loans to the neighborhoods where their depositors live and work, which helps their communities flourish. They are comprised of bankers who embrace a more personalized approach to banking because they often know their customers and are able to make individualized decisions for credit, accounts, and other banking needs.

At Centennial Bank, our communities are at the heart of every decision we make. When you bank with us, you are banking with your friends and neighbors, those you worship with, and those who diligently serve in the community. We are more than just a bank, we are YOUR community bank.

Proudly serving West Tennessee for over 100 years!