Learn About the Financial Perks of Using Local Banks in Kansas City
National banking institutions have a vast network, spanning from coast to coast. They have the kind of name recognition and consumer reach that few companies do. However, the size and scope of big banking operations means that some personal elements get lost in the shuffle. In a world that’s long been driven by globalized finance, it can be easy to overlook all the perks that come from banking locally.
Community banks like Verimore Bank offer a personalized banking experience that benefits individuals, their families, and local businesses. In this blog, we'll explore the perks of banking locally and why it's a viable alternative to larger, national institutions. If you’re evaluating local banks near you, review the following five things you can expect when you entrust your finances and business ventures to Verimore Bank.
#1 – Personalized Customer Service
If you have a financial issue or money emergency, the last thing you want is to sit on hold all day waiting for a customer service agent to answer. Unfortunately, long waits are the cost of doing business when dealing with big banks.
Alternatively, banking locally provides prompt and personalized customer service. Unlike large banks where you might be just another account number, community banks take the necessary time to understand your financial goals and needs, which enables them to tackle your issues with a personalized, solutions-oriented approach.
#2 – Strong Community Relationships
Local banks in Kansas City and the surrounding area are deeply rooted in the communities they serve. By banking locally, you're not just a customer; you are part of a thriving community of individuals and businesses that fuel economic growth and development.
#3 – Support for Local Businesses
Local banks have a vested interest in the success of small businesses because they add value to the community. Big banks tend to be especially strict about who they deem worthy of receiving a business loan.
Community banks, on the other hand, are more likely to offer loans and financial support to small businesses and startups. By banking locally, you're contributing to the overall economy by supporting local businesses.
#4 – Lower Fees and Costs
Big banks are associated with big rates and hidden fees for a reason. National banking chains are known for their size and scope – not necessarily for undercutting the competition. However, banking locally means that customers have access to competitive rates, more favorable loan terms, and lower fees when compared to their larger counterparts. The next time you want to secure financing for a home or automobile, local banks in Kansas City are a viable option worth checking out.
#5 – Tailored Financial Solutions
You’re not an account number or a credit score – you’re a person. Community banks take the time to get to know their customers beyond what’s on paper. Whether you're a first-time homebuyer, a retiree planning their golden years, or a student looking for a way to pay their tuition, community banks offer personalized financial solutions that cater to your specific circumstances while considering context.
Ready to Start Banking Locally? Contact Verimore Bank Today!
By banking locally, you’ll get personalized service from a team who’s invested in your financial future and the community. As one of the leading local banks in Kansas City and the surrounding areas, we take pride in building relationships that align with the financial goals and values of our customers.
Although we’re not a national chain, Verimore Bank offers all the major services and products people need to pay their bills and finance their purchases. We offer free checking accounts, savings accounts, IRAs, money market accounts, and plenty more personal banking services.
Further, Verimore Bank offers the best business bank accounts for local entrepreneurs requiring seed money for their start-up or next big business venture. We specialize in construction, commercial real estate, and agricultural loans. We can even help you with equipment financing.
Lastly, you can count on Verimore Bank to deliver all the modern tools and technology customers expect, including:
- Secure online banking and bill pay
- Mobile pay for contactless transactions
- Mobile and direct deposits
- Monthly e-statements
- Debit cards equipped with EMV smart chip technology
Ready to start banking locally? Verimore Bank is your trusted, local financial institution with five locations, including North Kansas City, Brookfield, Eagleville, and more. You can reach us by phone at (855) 871-3303, or email us using the contact form on our website.