A few days ago PBS NEWSHOUR did a segment entitled For Community Banks, Survival Can Often Trump Lending. I really like this segment; it is the most accurate depiction I have seen in the media of what is going on in community banks right now.
I encourage you to take a few minutes and watch the video or read the transcript by clicking on the link at the bottom of this post. Please come back and share your thoughts by posting a comment after viewing.
REPORT AIR DATE: Dec. 22, 2009For Community Banks, Survival Can Often Trump LendingSUMMARYPresident Obama met with community bank leaders at the White House on Tuesday and pressed them to boost lending. Yet in a year in which some 140 community banks have been forced to close, the focus among small lenders is often more about keeping afloat.