what are the importance of commercial banks in our community?
- gls_merchLv 51 decade agoFavorite Answer
Historically, the local community bank was the only way you were going to be able to get capital to buy a house, buy a car, or start a business. The banker was the person who could help you to make your dreams come true. That role has diminished over time as you have had innovation in financial markets making access to capital much easier. However, the local bank can still an important member of today's community.