financial literacy

Every April, we celebrate Community Banking Month through a series of BID articles that showcase the efforts of local banks to serve their communities, support their staff, and enrich the customer experience. In this second of four articles in our Community Banking Stories series, we highlight examples of community banks supporting educational initiatives.

Over 40% of business owners consider themselves financially illiterate. CFIs have an important role to play in boosting financial literacy among their business customers. By providing educational resources, expert advice, and financial tools, they can support business customers in building more sustainable businesses while also strengthening their relationships.