Almost Every Month,

I hear of a bank needing financial help,

photograph Bloomberg, I wonder if taking a leaf from the trading practises of this bank might help banks not to find themselves in difficulties, it is Kentland Federal Savings and Loan, amazingly it is the smallest bank in America, and it has been around for over 100 years, and even more amazing are these facts about it, “We were the only institution that didn’t close during the stock exchange debacle in the late 1920s,” CEO James A. Sammons told Bloomberg. “People felt secure that their money wasn’t going anywhere.” Founded back in 1920, by the great-grandfather of its current CEO, this financial institution has only ever had one branch in Kentland, Indiana, and has only offered three services – obtaining a home mortgage, opening a savings account, and opening a certificate of deposit, both CEO Sammons and his part-time teller are technology-averse and prefer using mechanical devices like a traditional coding machine to write checks, it is one of the reasons that Sammons believes that his way of doing business might end with him, which is a shame, “When I am finished—whether it’s regulators pressuring us to be absorbed or me walking away—we will have to be acquired,” the 55-year-old CEO said, this sounds so much like the bank I dream of, no ATM fees, no wire fees and no transaction fees of any kind, if only banks could go back to the good old days of personal service, on a personal note last month in April both Lloyds and Barclays closed their branches in Beckenham, now a bus trip for private and business customers to Bromley to bank.