It wasn't long ago that competition between cross-town rivals was what dominated the minds of community bankers. While fellow community banks and credit unions are still the leading competitive threats, small banks are taking note of the rise of non-financial outfits like Wal-Mart and Exxon, both of which have the desire and the capability to encroach on banking territory.
Community bankers are generally optimistic about 2003 with 81 percent reporting a positive outlook, and are looking to new sources of revenue for continued success, according to Grant Thornton's 10th annual survey of Community Bank Executives. Even so, the competitive threat from non-financial …
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