Startup Community Banks Flourish in North Carolina

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GREENSBORO, NC (March 22, 2018) - After the Great Recession of 2008 and subsequent trend of bank consolidation, North Carolina is now seeing a wave of new community banks sprouting up.

“It is that time in the life cycle of community banks that many of the community banks have merged with other larger organizations, leaving business and community leaders desirous of a local bank with local decision-makers,” Lee Burrows Jr of Banks Street Partners of Atlanta says. “Banks that carve out a particular niche or expertise and utilize cutting-edge technology stand a greater chance to succeed.”

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