People like to speak about shoping locally. Often times they are talking about retail shopping or buying local fish, lobsters, produce and sourcing food as close to home as possible.
What often gets overlooked are our local banks who have in the past and are currently, extremely involved in our community. Not only do they provide local jobs but more often than not they keep the money that you save as deposits here and turn around and lend that money back into the community. They also back many local charities and treat you as a person and not just an account number. It’s nice to have someone recognize you when you walk through the doors.
I don’t always advocate to do business locally. I’ll be the first to admit that if there is an item out of town where there is a huge discrepancy in price I will shop out of town. However when things are close to even slightly higher priced the benefits of keeping it local go way beyond what you put in your pocket. There is a ripple effect where the entire community benefits.
We highlight the benefits of local banking in light of the fee based banking structure of large national banks. Here is part I with Bob Gillis Of Cape Ann Savings Bank.
When you get your Bank of America statement this month and decide that you’ve finally had enough, check out what our local banks, Cape Ann Savings Bank, Bank Gloucester and Rockport National have to offer. I think you’ll be pleasantly surprised.
…and don’t forget to tell ’em Joey sent ya.
Look for my interview with Patrick Thorpe From Bank Gloucester tomorrow.