“(Reuters) – Union County Savings Bank in Elizabeth, New Jersey, is profitable with few problem loans and a capital ratio that would make a too-big-to-fail bank drool.
The community bank is also one of the most tight-fisted lenders in the country. The bank invests just 9 percent of its $1.3 billion in deposits in loans. It pours most of the rest into an investment portfolio. That loan-to-deposit ratio puts it near the bottom of 6,000 U.S. community banks, according to a Reuters analysis.
Community banks are often seen as kinder, gentler versions of their big-bank brethren. The Occupy Wall Street movement accused big banks of being greedy and encouraged depositors to move funds to their local community banks.”
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