No. This was Dodd-Frank. And allowing commercial banks into other financial

Industries was also bad for community banks. And consumers.

The national banks drive the legislation and if you think they are looking out for anyone but themselves, I have land for sale in Florida.

In response to this post by Stork

Posted: 01/26/2019 at 11:35AM

Anyone switch to the strictly online banks? How has that worked out? -- Gator Hokie 01/26/2019 05:47AM

For all those not switching because it’s too hard, you should look again. -- CPRVHokie 01/26/2019 12:38PM

Thanks for the input... -- Gator Hokie 01/26/2019 1:06PM

Why can't you deposit cash? -- Beerman 01/26/2019 1:15PM

Ally and some other online banks don’t allow cash deposits. -- Gator Hokie 01/26/2019 1:17PM

Two thoughts...how often do you deposit cash? I can’t remember the last -- CPRVHokie 01/26/2019 1:12PM

Not frequently, so this is really on the lesser concerns.., -- Gator Hokie 01/26/2019 1:18PM

Kind of like cutting the cord of cable. Once you do it you’ll probably -- CPRVHokie 01/26/2019 1:30PM

...I’d rather fight than switch ** -- chumley 01/26/2019 12:04PM

Don’t use an online bank, but haven’t set foot in mine in years. -- RoswellGAHokie 01/26/2019 11:59AM

I use Fred's Bank! ** -- Major Kong 01/26/2019 11:53AM

I've been switching savings account between online-only banks for years... -- MP4VT2004 01/26/2019 11:50AM

I am using the AMEX savings, 2.1 % -- HortHokie 01/26/2019 10:58AM

**deleted because it was a dumb comment**** -- CPRVHokie 01/26/2019 11:36AM

I’m in the industry and here is my take: -- CPRVHokie 01/26/2019 10:00AM

Agree. Even though I opened my account at a brick and mortar I do -- HokieNLot11 01/26/2019 2:04PM

Nope. Most banks have an “open an account” feature online. ** -- CPRVHokie 01/26/2019 2:12PM

Don't you think that traditional banks think long and hard about building -- HokieNLot11 01/26/2019 2:25PM

Yes. And new branches are almost always smaller and more tech-driven than -- CPRVHokie 01/26/2019 2:34PM

Smaller FIs are closing the gap on tech offerings -- One4VT 01/26/2019 1:15PM

What does your avatar say? Too blurry to read. ** -- CPRVHokie 01/26/2019 1:28PM

I am a founding stockholder of a local bank that's only about 10 years old. -- F4EHokie 01/26/2019 11:27AM

You make an excellent point about the importance -- mancunian 01/26/2019 10:28AM

Wasn't Amazon a contributor to VT's new NOVA campus? ** -- EDGEMAN 01/26/2019 10:33AM

They are the impetus for the state spending to develop that new campus ** -- 133743Hokie 01/26/2019 12:21PM

Thinking of it the other way around, VT's a contributor to Amazon's profit -- `lag 01/26/2019 11:29AM

Northern Virginia isn’t really a good example of “building communities” ** -- CPRVHokie 01/26/2019 10:41AM

And that's why they aren't going to disappear. -- EDGEMAN 01/26/2019 10:10AM

Well, regulations imposed following 2008 have made the formation of de novo -- CPRVHokie 01/26/2019 10:17AM

Is that the same regulations banks pushed to get into insurance? -- Stork 01/26/2019 11:24AM

No. This was Dodd-Frank. And allowing commercial banks into other financial -- CPRVHokie 01/26/2019 11:35AM

On reread this sounds argumentative and that is not my intent. A cautionary -- CPRVHokie 01/26/2019 10:20AM

This whole thread makes you sound respectable. I’m not sure how I feel -- VTScanlo 01/26/2019 10:36AM

He must work at Towne Bank. ** -- Stork 01/26/2019 11:24AM

...with slick Willy Sessoms ** -- chumley 01/26/2019 11:50AM

Nope. ** -- CPRVHokie 01/26/2019 11:37AM

My distaste for My Cousin Vinny is a badge I wear proudly. Because it’s -- CPRVHokie 01/26/2019 11:09AM

I'm still a NFCU member -- EDGEMAN 01/26/2019 10:30AM

I take it back, there is another bank that's closer... -- EDGEMAN 01/26/2019 10:31AM

Not sure how this relates to community banks... ** -- CPRVHokie 01/26/2019 10:51AM

I think the new one is a Community bank -- EDGEMAN 01/26/2019 6:24PM

TownBank sucks ** -- CPRVHokie 01/26/2019 6:36PM

Been using an online bank (USAA) for probably 20 years now -- Tafkam Hokie 01/26/2019 06:27AM

Yup. I have USAA and State Farm online banking. Love both. ** -- Stork 01/26/2019 09:49AM

Yeah, I suppose so. Don't even think of them as an "online" bank. -- `lag 01/26/2019 08:37AM

No. This was Dodd-Frank. And allowing commercial banks into other financial

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