If 97% of U.S. hashtag#banks are community banks… why do so many still operate like it’s 1995?

For those less familiar, community banks are smaller, locally focused financial institutions that fuel local economies — providing nearly 35% of small business loans, 30% of commercial real estate loans, and 70% of agricultural loans nationwide.

They are vital to households, farmers, and small businesses, but the race to digital transformation is becoming unavoidable.

Perception gap: 50% see themselves as innovative, yet 25% feel limited in what they can offer.
Tech priorities: Nearly 30% say instant payments, automated loans, and digital onboarding are critical to stay competitive.
AI adoption: Almost 40% already include AI and machine learning in their strategic vision.
Partnerships matter: 20% are looking at fintech collaborations within the next five years to bridge capability gaps.

👉 The reality is undeniable: community banks may still be trusted cornerstones in the U.S., but without rapid adoption of technology, analytics, and strategic partnerships, their relevance — and even their survival — is at stake in a market that demands speed, security, and seamless experiences.

At Veritran, we believe digital transformation isn’t just a competitive advantage — it’s a lifeline for community banks and the communities they serve.

Contact us for more details!