FNB Osakis President, Justin Dahlheimer, was recently featured on the Institute for Local Self-Reliance’ podcast, Building Local Power. Dahlheimer discussed the many benefits, challenges, and opportunities for local community banks. Here’s a quote from that interview:
“We’ve got a stake in every customer’s personal financial livelihood. It should be that way. It’s embedded transparency. It’s accountability,” says Justin Dahlheimer of the relationship community banks have with the people that they serve. “We want to weather the community risk and be able to charge off loans, not come back after customers and ruin financial lives and move on to the next thing… [We want to] work together and leverage dollars to bring more wealth into the community versus just recirculating or poaching wealth from other banks. We want to create that wealth.”
You can find the transcript of the interview here.