Is it Better to Bank with a Local Community Bank?
People look for a new bank for many reasons. They could be unhappy with their current financial institution, want to avoid fees, or just moved to a new area. Whatever the reason, when people decide where to open a new bank account, they often weigh the pros and cons of various banking options. Do you opt for a large national bank with a wide network of branches? Or should you choose a local bank that offers personalized service and a deep understanding of the community you live in? For residents of White Hall, Mannington, Fairmont, Hundred, Fairview, Morgantown, and North Central West Virginia, banking with a local institution like First Exchange Bank provides numerous benefits to meet your financial needs.
The Benefits of Banking Locally
Personalized Service and Understanding of Local Needs
One of the primary advantages of banking with a local bank like First Exchange Bank is their personalized service you receive. First Exchange Bank places a strong emphasis on building long-term relationships based on trust and individualized attention. Dedicated support teams know you and are committed to providing tailored advice and solutions. This focus on relationship building ensures that you feel valued and supported in your financial journeys.
With deep roots in North Central West Virginia dating back to 1932, First Exchange Bank prides itself on a strong understanding of the unique needs and challenges faced by local residents and businesses. First Exchange Bank has made a conscious decision to remain independent and to assist in the communities it serves. Officers and staff are encouraged to participate in non-profit and service organizations to make a positive impact.
Tailored Financial Solutions
Unlike larger banks where customers feel like a number, local community bank employees take the time to get to know you and your financial needs on a personal level. At First Exchange Bank, it is our mission to offer useful financial products and services to simplify your life. Account options include personal savings and checking accounts to tailored loans, retirement planning, and business support for the many startup businesses in their area. First Exchange Bank provides the accounts you need today and to financially prepare for your future.
Community Involvement and Growth
Banking with a local financial institution means putting your money somewhere that cares about where you live as much as you do. Local community banks are loyal to the communities they serve. They understand the local economy, the challenges local businesses face, and the importance of giving back.
By choosing to bank locally, you play a direct role in fostering the growth and vitality of your community. First Exchange Bank invests in the community by supporting local economic growth through loans. Our efforts help create jobs and boost the local economy.
At First Exchange Bank, we also actively support community projects and local initiatives. In 2017, the bank was honored with the Governor’s Award for being “Volunteer Superstars” by Governor Jim Justice, a testament to First Exchange Bank and their staff’s volunteer efforts. More recently, in 2024, the bank received the Distinguished Corporate Citizen Award from Scouting America, Mountaineer Area Council and the Gleason and Jean Kuhn Growth Innovation Award from the Tygart Valley United Way, highlighting our ongoing commitment to corporate social responsibility and community innovation.
Local Decision-Making
Community banks are a natural partner for your borrowing needs. They typically offer better rates on loans with lower and fewer fees. Banking decisions at First Exchange Bank are made locally, resulting in quicker and more personalized responses. This local decision-making process ensures that you receive solutions that are best suited to your unique needs.
Competitive Banking Products and Services
Just like the larger players, local community banks remain competitive in the products and services they offer. Often with lower rates and fees resulting in substantial savings over time while providing a more favorable, personalized banking experience.
First Exchange Bank offers personal checking and savings accounts with lower fees and better interest rates compared to national banks. When it comes to loans and mortgages, First Exchange Bank provides flexible loan amounts, repayment schedules, and interest rates. Loan decisions are made locally, allowing for a faster and more streamlined approval process.
Plus, you can easily manage your accounts 24/7 via First Exchange Bank’s online banking and mobile app. Easily view account balances, transaction history, transfer funds, view statements, pay bills, and more. These convenient options allow you to do your banking anytime, anywhere, but should more personalized attention be needed, First Exchange Bank employees are just a phone call away.
Choose First Exchange Bank as Your Trusted Local Banking Partner
First Exchange Bank’s commitment to the community and expertise in serving local residents like you, makes us a trusted partner in North Central West Virginia. The bank is dedicated to helping you achieve your personal and business banking financial goals every day. This is evident from the numerous local customers already benefiting from our personalized service and community focus.
Discover the unmatched benefits of banking with a local institution like First Exchange Bank. Experience personalized service, tailored financial solutions, and a commitment to the community that you won’t find elsewhere. Whether you’re looking to open a personal checking or savings account, apply for a loan, or explore investment options, First Exchange Bank is here to help you achieve your financial goals.
Visit your local First Exchange Bank in White Hall, Mannington, Fairmont, Fairview, Hundred, Morgantown- Suncrest, and Morgantown- Pierpont Landing or contact us today to learn more about how we can support your financial journey. Join the countless residents of North Central West Virginia who trust us as their banking partner and start experiencing the local bank difference today!
