big and small banks

Is America Overbanked or Underserved?

In an article published on American Banker earlier this fall, BB&T Chairman and Chief Executive Kelly King asserts the industry is overbanked. “It’s more competitive today than it’s been at any time in my career. That’s why you’ve been seeing dramatic consolidation and why you will continue to see it.”

Mr. King’s contention with too much competition and lowered return on investment as a valid reason for the continued decrease in banking presence, is one we’d like to respectfully disagree with.  As you may have read in our article “Cutting Rules On Community Banks Will Grow Local Economies”, community banks are decreasing precisely when we need them most…