FDIC Releases New 2020 Community Banking Study — 2020-12-16

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a new large-scale study on the state of the nation’s community banks. The FDIC’s 2020 Community Banking Study finds community banks played a critical role in providing access to credit in several key areas of the U.S. economy, particularly through lending to support commercial real estate, small businesses and agriculture. The FDIC study found that, relative to the broader banking sector, community banks continued to report positive financial performance and demonstrated this strength during the COVID-19 pandemic. The 2020 Study also included an examination of the influence of regulation and technology on community banks. “The FDIC recognizes the critical role community banks play in providing loan and deposit services to customers throughout the United States,” said FDIC Chairman Jelena McWilliams.