Conventional wisdom holds that community banks are doomed because of rising regulatory, technological and staffing costs. When Guernsey Bancorp, a small Westerville, Ohio institution, recently sold to First Financial Bancorp in Cincinnati, Guernsey’s chief executive offered the merger as proof of this theory.

“The $125 million bank franchise is dead,” the bank’s CEOsaid. “Unless you’re a small bank and the only bank in a relatively small town, you won’t survive today.”

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access