Where do you bank?

What happens to your money when you put it in a savings/checking account?

Berdell Knowles argues that community banks deserve more of our business now than global ones.

Choosing a bank is one of the most important decisions consumers make because it has a measurable and lasting impact on the economy around us... If you choose to bank with a global bank, your deposits are invested in securities and activities that may have no bearing on you or your local community.

The bank executives who make the decisions on how to use the earnings from your money, whether it be to pay management bonuses or to invest in sub-prime mortgages, will probably know little about you or your community. However, consumers who choose community banks are bringing their economic power to bear on their own local economy...

Read the rest of the article here.