Much commentary in recent months has focused on the challenges facing the banking industry’s heavyweight players, heavily exposed as they are to the impacts of geopolitics and global economic headwinds.
But in the US banking sector, it is the country’s vast network of community banks, as well as larger regional banks, that account for the overwhelming majority of the industry — more than 4000 of the US’s circa 4300 banking institutions. These institutions form the backbone of the US economy, serving millions of small and medium-sized businesses, and their fortunes therefore warrant analysis.