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Community Banks see Rise in Market Share

By Implode-Explode Heavy Industries

?Community banks continue to respond to their customer?s needs at a torrid pace?all while trying to find the best possible loan and interest rate for the borrower,? said Dave Petro ICBA Mortgage president and CEO. ?Even though this is only a portion of ICBA?s membership base, these numbers are a dramatic indication that community bankers are regaining lost market share in the residential mortgage arena. It also demonstrates that despite the challenging economic environment, our nation?s more than 8,000 community banks are common-sense lenders that continue to lend to their customers in cities and towns throughout America.?

Full post as published by Mortgage Lender Implode-o-Meter on May 13, 2009 (boomark / email).