Community banks do better after crash of 08
Of 8,500 bank charters in U.S., 8000 are community banks, tending to be locally managed and less than $1 billion capital. In 08 community bank mortgage loans were growing at 2 percent a quarter (3 quarters) compared to negligible growth for rest of industry. in second quarter of 08 grown of commercial and industrial loans by community banks was (about 3%) almost 3 times the rate of the industry overall.
Source: Signs of Life, Yes! Magazine, Winter 2009, 6.