A Community Bank is a financial institution that primarily serves the needs of local residents and businesses. These banks focus on providing personalized services, such as loans, savings accounts, and checking accounts, tailored to the specific needs of their communities. They often emphasize building relationships with customers and supporting local economic development. Unlike larger national banks, community banks are typically smaller and more locally oriented. They are often owned by local investors and may reinvest profits back into the community. This approach helps foster a sense of trust and accountability, making them an essential part of the local economy and community life.