A local bank is a financial institution that primarily serves a specific community or region. It offers a range of services, including savings and checking accounts, loans, and mortgages. Local banks often focus on building relationships with their customers and understanding their unique financial needs. These banks typically emphasize personalized service and community involvement. They may support local businesses and initiatives, contributing to the economic growth of the area. Unlike larger national banks, local banks often have a more intimate knowledge of the local market and can provide tailored financial solutions.