Tompkins Financial Corp
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Occupy Profit: Cashing in on Community Banks
By Daniel Ferry - May 31, 2012 | Tickers: BAC, JPM, NES.DL, TMP, WFC
Whither went the banks of yesteryear? Those fabled pillars of the community, doing quaint, old-fashioned things like lending money and making a profit, instead of modern trendy things like jeopardizing the world economy and betting against their own clients? The truth is that these old-fashioned banks never left us; we left them. Now, amid wide dissatisfaction with the banking giants, many people are returning to community banks, and these neighborhood institutions can be just as rewarding to investors.