The power of reinvesting in our community

Reinvesting in your community sounds great, but how does one really put that into action?

If you’ve ever wondered if it matters where you deposit your hard-earned money, it does. Not only does banking locally support small businesses (community banks fund more than 60% of small business loans and more than 80% of ag loans), but as locally owned and operated businesses themselves, they are part of the economic engines that create 62 percent of new jobs annually. That’s powerful.

Community banks like The Northumberland National Bank take in deposits and distribute loans that feed into a self-sustaining micro-economy and keep funds right here in Central Pennsylvania. It is all part of a mutual relationship that community banks have with their communities. And the proceeds from those businesses employ residents, fund municipalities, and continue the cycle of locally-based economic growth.

Here are some facts about a community bank’s impact on local communities:

• Community banks outpace large banks in their average number of banks operating in both rural and urban markets by a 3:1 ratio.
• Community banks are preferred small business lenders, with an 81 percent net satisfaction score compared to 68 percent for large banks and just 43 percent for online lenders.
• Community banks operate in areas abandoned by others—serving as the only physical banking presence in nearly one in three U.S. counties.
  

But it is not just about statistics. When customers contact Norry Bank, they are greeted by a talented team member who is attuned to their needs and empowered to act on their behalf.

And when our employees log volunteer hours or when we contribute to community organizations, we are working toward our goal to ensure economic prosperity for the community we call home.

April is Community Banking Month, and we want to thank our customers for putting their trust in us for their banking needs. At Norry Bank, we pledge to never lose sight of the all-important “relationship” and the personalized service our customers expect. Remember, we are all in this together. Community banks are only successful if our customers and communities are, too.

“As a financial service provider with deep community ties, we apply our local knowledge and financial expertise to help residents of Central Pennsylvania reach their financial goals while supporting important causes that strengthen the local economy,” said J. Todd Troxell, President and CEO.

“We invite you to stop by one of our branches and learn how we’re working to improve our community and service your personal banking needs—whether you’re just getting started or are well established,” said Todd.

To find a Norry Bank location near you, visit www.norrybank.com/locations.

Watch a video highlighting our community support in 2022.