News Columns & Blogs

Community banks proud to be boring

Community banks are tired of being tarred by the risky lending of some megabanks. "I was on vacation in California and this guy I had just met said, 'So, traveling on that bailout money, huh?' I didn't find that very amusing," Blake Heid of First Option Bank in Paola (which didn't take any bailout money) told the New York Times. Other bankers note how their careful, "boring" approach to lending has been vindicated. "Banking should not be exciting," a bank president in Jasper, Ind., told the Times. "If banking gets exciting, there is something wrong with it."