Fidelity Bank Supports Rural America
(Reprinted, in part and with permission, from Independent Community Banker's Ag Day Blog)
In fact, 7 percent of the nation’s economy and 29 percent of American jobs are linked to the food and agriculture sectors, either directly or indirectly. Amidst the global supply chain and rising inflation concerns, these sectors also exported $182.91 billion worth of goods, helping the U.S. maintain its position as a leading player in global agriculture.
That’s why the support community banks offer America’s farmers and ranchers is so important.
Accounting for more than 60 percent of small-business loans under $1 million and 80 percent of agricultural loans from the banking sector, community banks are often the catalysts for new and expanded business opportunities within their communities to ensure their long-term economic viability and vitality. In fact, community banks provide approximately $155 billion in agriculture loans.
The largest financial institutions themselves have reported that community banks are more than tripling the deposit growth of their larger competitors in rural communities.
Fidelity Bank is proud to be a community bank and of the work we have done in service to the agricultural community for the past 95 years.
We share your commitment to agriculture by getting to know your operation and offering:
Real Estate Loans
Livestock Loans
Equipment & Facility Loans
Operating Loans
Learn more and contact our ag lenders.
We look forward to continuing our valued relationships—in the good times when the bounty is plentiful and in the lean years where access to credit offers support to press forward.