Sioux City tops community banking list
Local Sioux City banks scores a win this week when the web site Nerd Wallet named the metro area the No. 1 Community in the nation for Community Banking.
The ranking is in part based on the banks’ support of small businesses, namely in how often they make loans to small companies. In other words, small businesses are likely to get due consideration, and good rates, when they seek to start or grow a business in Sioux City. For new and emerging companies, that’s an important part of the startup puzzle.
The site used the following criteria in choosing their winner:
- Are community bank branches prevalent compared to other institutions in the area?
- Are local community banks making small business loans?
- Do community banks offer depositors competitive interest rates?
This chart shows the top 5 communities and how they rated.