Community banks are small financial institutions that primarily serve local customers and businesses. They focus on building strong relationships within their communities and often provide personalized services, such as loans and savings accounts. Unlike larger banks, community banks typically prioritize local economic development and may offer tailored financial products to meet the specific needs of their customers. These banks are usually owned and operated by local individuals or organizations, which allows them to make decisions that benefit their community. Community banks play a vital role in supporting small businesses and fostering economic growth by providing accessible credit and financial services to residents and entrepreneurs.