Small Community Banks Benefit From Money Crisis - NBC4 Washington

Small Community Banks Benefit From Money Crisis

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    Some small community banks are benefiting from the money crisis.

    Burke & Herbert Bank and Trust in Virginia has seen millions of dollars in new deposits in the past two weeks.

    Conservative community banks that stayed away from the sub-prime market and risky investments are looking better to a skeptical public looking for trust.

    At banks like City First in the District, which is preparing for a 30-percent increase in business, funding comes primarily from deposits, not from less stable capital markets.