In today’s world, you can do almost anything right from the phone in your hand. It’s handy to bank that way as well. While digital banking is convenient, secure, and a great way to do business on the go, there are many benefits to banking somewhere local. Banking local means a place where you can walk in and speak to a person face to face, who knows your name and your business. Let’s talk about why having a relationship with your local bank is important and beneficial. 

Build credibility: One of the most important reasons to establish a relationship with your local bank is to build credibility. The more dealings you have with your bank, the more they get to know you and view you as a reliable customer. This can make it easier to obtain loans or lines of credit, open accounts or have access to other financial services.

Convenience: Ever had a day of running errands that included multiple trips to different banks? Building a relationship with your local bank can cut the hassle of having multiple accounts at different banks. You can streamline processes and have just one or two points of contact for all your banking needs. 

Increased Security: Banks use state-of-the-art security to make sure your money and information stays safe. It’s also important for you to stay diligent and aware of any suspicious activity. Having a relationship with your bank means they are more likely to know when something on your account looks suspicious and alert you of the activity. 

Personalized Advice: Having conversations with your bank and banker about your financial goals gives you an invaluable resource for building your personal or business goals. When you have a good relationship with your bank, they can offer sound, personalized advice pertaining to your financial situation. This will help you plan for the long-term and set yourself or your business up for success. 

Taking the time to establish yourself with your local bank has many benefits for you and your business. And while looking for a bank that is the right fit for your needs may take time, it will be very worthwhile and pay dividends in the end. If you are searching for a local, community focused bank to work on your financial goals, I would love to talk. It’s never too late to achieve your dreams. 

Brad Roling is the Columbia Market President for Mid America Bank. Brad has more than 10 years of banking experience that he uses to help businesses in and around Columbia thrive. When he is not helping your business with its financial needs, Brad is serving the community in a variety of capacities. He is proud to serve on the Ronald McDonald House Mid-Missouri Board of Directors as treasurer, the Columbia Chamber Foundation Board, and Beta Theta Pi Advisory Board. Brad is a proud Mizzou grad and loves cheering on the Tigers!