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Home \ Community Involvement \ National Small Business Week

National Small Business Week

Posted by Mandy on May 4, 2022

Citizens Bank & Trust Co. and the Independent Community Bankers of America (ICBA) encourage Americans to put their hard-earned dollars to work in their local communities by shopping with small businesses during National Small Business Week, May 2-6, 2022.  Small businesses have accounted for 62 percent of new job creation since 1995, which means support for these businesses helps employ neighbors and friends and drives the local economy.

Citizens Bank & Trust Co. values America’s entrepreneurs, which serve as the foundation for our nation’s economy. We’re invested in the success of our local small businesses, and we remain committed to their overall health and prosperity because we know when they succeed our community flourishes.

Small businesses comprise 99.9% of all firms and represent 43.5% of gross domestic product.  When it comes to their financing needs, they most often turn to community banks, which fund more than 60% of all small business loans under $1 million. In fact, small businesses consistently rank community banks as their lender of choice, according to a series of studies from the Federal Reserve Banks.

“ICBA is proud to represent the nation’s community banks, which channel their loans to the neighborhoods where their depositors live and work—helping local businesses and communities thrive,” ICBA President and CEO Rebeca Romero Rainey said. “Their relationship banking philosophy is ingrained in the way they conduct business—one loan, one customer at a time—and helps small businesses grow and families finance major purchases to ensure local communities continue to thrive.”

 

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Filed Under: Community Involvement

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Downtown Office

102 Main St South
PO Box 339
Hutchinson, MN 55350

Phone 320-587-2233
Toll 888-234-2910
Fax 320-587-5738

South Office

1390 Hwy 15 South
PO Box 339
Hutchinson, MN 55350

Phone 320-587-2233
Fax 320-234-0682

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All Rights Reserved. Privacy Policy

Website Developed by Vivid Image