A recent report by the Institute for Local Self-Reliance shows how vital community banks have been to the COVID-19 response, ICBA President and CEO Rebeca Romero Rainey wrote in Main Street Matters.
The report found that nearly three times as many PPP loans were made per capita in the 10 states with the most community banks per capita.
"In short, when there is a geographically stronger presence of community banks, more small businesses receive funds," Romero Rainey wrote. Read the post.
