Sustainability is the key to survival for every community and consumer in the United States. What Localism brings to banking 6:37 AM Posted by Donny Wise- Bizcovering.com - EMPOWER4U The localism of the past period before deregulation is not the perfect solution for the future of the banking industry, but the best practices of the era did include the long-term success of the bank was interdependent on the local presence and impact to insure financial health and opportunity for consumers and community served. The bank could not sustain success in the community without a healthy and vibrant community and consumer, and the impact of all three is profound to the real economy locally and nationally. In today's modern banking, the financial system and the regulatory structure stand in peril providing a viable, self sufficient system as the consumer and the community are not the benefactors of the financial system or the regulatory model. The current financial model does not bring … [Read more...]