Are Community Banks Going Away?

Commonwealth Bancshares in Louisville, Kentucky, had a long and treasured history serving its community. The $1.3 billion bank got a charter in 1888 in nearby Shelby County. “Our decisions are made locally by people who know you, your family and your business,” the bank’s website said. None of that has gone away, but Commonwealth has. The privately owned, mostly family-controlled bank decided to sell last year to a rival Louisville bank, Stock Yards Bancorp, which grew to just shy of $8 billion in assets this year when the deal closed in early March. Stock Yards, dating back to 1904, has…

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Naomi Snyder


Editor-in-Chief Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan.

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